Vitol’s Malaysian Unit to Sell Ship Fuel at Port Near Singapore
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Vitol Group plans to start sales of marine fuel, or bunkers, within the limits of a port in southern Malaysia as it seeks to supply ship owners that moved from Singapore, the world’s second-biggest container port.
Vitol Trading Malaysia Labuan Ltd. may sell bunker cargoes to shipping companies at Tanjung Pelepas, in the Malaysian state of Johor, in about six months’ time, Managing Director Khairul R. Ramly said in an interview on Dec. 17. Vitol wants to supply about half of the bunker demand of 3 million metric tons a year at the site, according to Khairul. It is located about 16 miles (26 kilometers) from Singapore.