Image Credit: Vitol Bunkers

Vitol Bunkers was set up in May 2021 as the dedicated marine fuels unit of commodity trading giant Vitol Group.

The firm and its affiliates carried out about 13 million mt of physical bunker supply operations in 2025, little changed from 2024 and up from about 10 million mt in 2023.

The wider Vitol Group is one of the most established names in commodity trading, with a strong presence in crude oil and refined products, gas and power, metals and other commodities as well as sustainable energy. The firm was reported to have made a profit of $8-8.5 billion in 2024, and it traded 537 million mt of energy in oil-equivalent terms that year.

Vitol Bunkers had an initial strong focus on the Singapore market, where its parent company had acquired local supplier Sinanju Tanker Holdings in March 2020 and rebranded it under its own name. Singapore remains an important area for the firm, with Vitol Bunkers being named among Singapore's top ten conventional bunker suppliers in 2025, as well as among its top five biofuel bunker suppliers.

Widespread Bunkering Footprint

Vitol Bunkers now stretches far beyond Singapore in its bunker operations.

In July 2025 the company announced it had fully integrated Italian refiner Saras into the Vitol Bunkers network, following the sale of Saras to Vitol the previous year, and the Saras fleet was expanded with an additional MFM-equipped bunker barge. All of the Saras marine fuels come from its Sarroch refinery, which expanded its marine fuel offering to include ULSFO in response to the launch of the Mediterranean ECA.

Vitol is increasingly looking towards becoming a major part of the LNG bunker market, announcing in July 2024 that it had ordered a 12,500 m3 and another 20,000 m3 LNG bunker delivery vessel from CIMC Sinopacific Offshore & Engineering in China, as well as chartering a 20,000 m3 vessel from Avenir LNG.

The firm is expected to deploy at least two LNG bunker delivery vessels in Singapore as an initial stage, if it is able to receive an LNG license from the Maritime and Port Authority licence to join this market. As of January 2026 Singapore is in the process of taking in applications for new licences for LNG bunkering.

The firm has a growing interest in Pakistan's bunker market, and in November 2025 it announced its barge the Marine Ista was the first to load directly from Karachi Port Trust Oil Pier, rather than by trucks, before delivering the country's largest-ever VLSFO stem. The firm has access to VLSFO produced by the country's largest refiner, Cnergyico, as part of a deal to supply it with WTL crude from the US.

Vitol also owns the 100,000 b/d Fujairah refinery in the UAE. In April 2025 it announced it was adding co-processed biofuels - fuel oil refined from a mixture of feedstocks including bio components, with the same properties as conventional fuel oil but lower GHGs - to the range of marine fuels produced there.

The firm is making these biofuels available to bunker buyers at Fujairah and Jebel Ali.

In 2025 Vitol also added Brisbane to its physical supply operations in partnership with Viva Australia, in whose parent company Vitol owns a stake.

The company is also growing its operations in the Maldives, where in March 2024 it announced a deal with the government to establish an international bunkering hub in Ihavandhippolhu Atoll.