ShippingWatch

Vitol enters Singapore with takeover of bunker supplier

The Vitol Group now enters Singapore as bunker supplier and has acquired an already established player in the world's top bunker port to secure a foothold.

Photo: Colourbox

Vitol enters the world's largest bunker port, Singapore.

Vitol Marine Fuels, a subsidiary of Vitol Group, has acquired company Sinanju Tankers Holdings, which is already an established player in Singapore with a license to trade in the port. The statement does not reveal how much Vitol paid for the company.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs