Vitol acquires Sinanju to enter Singapore bunker market

Vitol Marine Fuels, subsidiary of Vitol, has controlled 100% stake in Sinanju. Sinanju’s Singapore bunkering license holding entity has been renamed Vitol Bunkers.

From 1 April, all bunker deliveries are to be carried out by Vitol Bunkers.

The deal saw Vitol acquire a fleet of 15 Singapore-flagged bunker tankers including Singapore’s first and currently only LNG-powered dual fuel bunker tanker Marine Vicky of 7,990-dwt in capacity.

“With the acquired entity’s valuable expertise in bunker tanker operations and Vitol’s existing strength on the bunker oil supply side, Vitol Bunkers will be in a strong position to provide a high quality, seamless ‘end to end’ delivered bunker supply service in Singapore and internationally,” said Dato Kho Hui Meng, president and ceo of Vitol Asia.