Vitol Marine Fuels acquires Sinanju Tankers
Vitol Marine Fuels, a unit of the Vitol Group, has acquired the Singapore-based bunkering specialist Sinanju Tankers Holdings (Sinanju).
The Singapore bunkering license holding entity has been renamed Vitol Bunkers and from April 1, 2020, all bunker deliveries will be carried out by Vitol Bunkers, Vitol said in a statement.
Through the transaction, Vitol has acquired a bunker tanker manager and operator with experience of physical bunker supplies in the port of Singapore, the world’s largest bunkering port, and a fleet of 15 Singapore-flagged bunker tankers, including Singapore’s first and currently only liquefied natural gas (LNG) powered dual-fuel bunker tanker Marine Vicky.
Vitol Bunkers and its related companies will continue to operate as before but under the Vitol brand.