Vitol announces it has begun supplying physical bunker fuel to Houston and the Mississippi River.
Bunker grades RMG, RMK and DMA 0.1% will be marketed under the V-Marine Fuels brand, on a retail (delivered) basis in Houston.
Eric Kuo, Vitol said “For 25 years Vitol has reliably supplied the wholesale Houston market with quality product. From today, a broader range of customers will be able to benefit from our competitive offering, in Houston and the Mississippi.”
V-Marine Fuels currently supplies physical bunker fuel to ships in the ports of Singapore, Tangjong Pelepas (Malaysia), Fujairah & Khor Fakkan (UAE), Hamburg and Bremerhaven (Germany), Canaveral (USA ), the Thames River, English Channel & Northern France (UK & France) and Rotterdam (Netherlands).
The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Since then the company has grown significantly to become a major participant in world commodity markets and is now the world’s largest independent energy trader. Its trading portfolio includes crude oil, oil products, LPG, LNG, natural gas, coal, electricity, agricultural products, metals and carbon emissions. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Globally, Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2014 were $270 billion.