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Vitol Group establishes foothold in Singapore bunker operations
Vitol Marine Fuels, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings. The new operation has been renamed Vitol Bunkers.
As a result of the deal, Vitol has acquired an expert bunker tanker manager and operator with extensive experience of physical bunker supplies in the port of Singapore, the world’s largest bunkering port, and a fleet of 15 modern Singapore-flagged bunker tankers, including Singapore’s first and currently only LNG powered dual fuel bunker tanker Marine Vicky.