What VITOL BUNKERS (S) PTE. LTD. does

VITOL BUNKERS (S) PTE. LTD., operating as V-Bunkers, is a Singapore-based bunker craft owner, manager, and operator that delivers marine fuels to ship owners and fleet operators calling at Singapore — the world's largest bunkering port. The company operates a fleet of more than 20 Singapore-flagged bunker tankers, each delivering marine fuels in compliance with Singapore Standard Code of Practice for Bunkering (SS 648), ISO specifications, the ISM Code, and Oil Major Quality Assurance standards. V-Bunkers is a wholly-owned subsidiary of Vitol B.V., the privately-held global energy and commodity trading company that charters 6,650 ship voyages per year and operates 250+ vessels at sea.

V-Bunkers' product portfolio spans conventional and next-generation marine fuels: VLSFO and MGO for conventional bunker demand, LNG/MGO dual fuel via the first dual-fuel-powered bunker tanker in Singapore, and biofuel blends up to B100 (100% bio component) through the Marine Future — a 102.6m IMO Type 2 notation bunker barge with ~7,000 MT biofuel capacity. The fleet also includes electric-hybrid bunker tankers with Lithium ion battery Energy Storage Systems (ESS) and automated Power Management Systems, ordered in 2021 and representing the first deployment of this emissions-reducing technology on Singapore-flagged bunker tankers. In July 2024, V-Bunkers deployed ZeroNorth's electronic Bunker Delivery Note (eBDN) solution across 12 barges, becoming one of the first MPA-whitelisted adopters of digital bunkering in Singapore.

The business operates as a B2B bunker fuel supplier on a transaction-fee revenue model, with pricing negotiated per-delivery based on fuel type, quantity, and market conditions. Revenue streams include marine fuel sales (VLSFO, MGO, LNG, biofuel blends), Green Bunker Fuels (Verified Emissions Reductions/VERs overlay enabling customers to cancel cargo emissions under IMO and EU guidelines, launched June 2021), and biofuel blend sales to decarbonization-focused shipping clients. Distribution is direct: V-Bunkers delivers fuels to vessels via its owned and operated Singapore-flagged barge fleet, leveraging Vitol's global infrastructure for worldwide bunkering services. Marketing and customer acquisition occurs through the V-Bunkers website (vbunkers.sg), LinkedIn, Twitter, Vimeo, press releases, and industry events including Singapore Maritime Week.

Name

VITOL BUNKERS (S) PTE. LTD.

Legal name

V-Bunkers Pte Ltd

Website

https://vbunkers.sg

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

VITOL BUNKERS (S) PTE. LTD. (V-Bunkers) operates a fleet of 20+ Singapore-flagged bunker tankers delivering marine fuels — VLSFO, MGO, LNG, and biofuel blends up to B100 — to ship owners and fleet operators at Singapore, the world's largest bunkering port, as a wholly-owned subsidiary of Vitol B.V.

Ownership category

akta.pro rank

Product category

Marine Bunkering Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum Bulk Stations and Terminals (42471)

SIC

Water Transportation (4400), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)

akta.pro secondary industries

Bunker Barge & Delivery Operations (STS, Safety, Scheduling) (TLAHAKAG), LNG Bunkering (Ship-to-Ship, Truck-to-Ship, Terminal) (TLAHAKAB), Marine Bunkering & Port Fuel Supply (EUALAIAG), Bunker Trading, Broking & Market Intelligence (TLAHAKAD)

Keywords

• Marine bunkering services
• Bunker fuel supply
• Biofuel marine fuels
• Bunker tanker fleet
• Marine fuel delivery

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Marine Fuel Sales (Bunkering): V-Bunkers generates revenue through the sale of marine fuels (bunkers) including VLSFO, MGO, LNG, and biofuel blends to ship owners and fleet operators. Deliveries are made via owned and operated bunker tankers in Singapore and globally through Vitol's network.
2. Biofuel Blend Sales: Sale of bio-fuel blended VLSFO and other biofuel blends (B24, B30, up to B100) to shipping clients seeking decarbonization solutions.
3. Green Bunker Fuels / Carbon Offsets: Offering Verified Emissions Reductions (VERs) overlay enabling customers to cancel emissions associated with cargo, calculated using IMO and EU guidelines.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

V-Bunkers is a bunker craft owner, manager, and operator based in Singapore, the world's largest bunkering port. The company delivers marine fuels (VLSFO, MGO, LNG, and biofuel blends up to B100) directly to vessels via its fleet of 20+ Singapore-flagged bunker tankers, including specialised electric-hybrid and LNG/MGO dual fuel vessels. It serves ship owners and operators in Singapore and globally as Vitol's bunkering hub.

Product overview

VITOL BUNKERS (S) PTE. LTD. operates as a single unified marine bunkering service offering, combining its core bunker craft operations with multiple fuel products and digital solutions. The company's primary offering is marine bunkering services through a fleet of 20+ Singapore-flagged bunker tankers, including specialised vessels such as the dual-fuel LNG/MGO powered tanker, electric-hybrid tankers, and the Marine Future biofuel barge. Core fuel products include VLSFO, bio-fuel blended VLSFO, and biofuel blends (B24, B30, B100). The portfolio is extended through the Green Bunker Fuels carbon offset programme and the ZeroNorth eBDN digital bunkering solution. The Vitol Bunkers Global Service provides worldwide access to marine fuels leveraging Vitol's global infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Bunkering Services Bunker craft ownership, management and operations delivering marine fuels to vessels via a fleet of 20+ Singapore-flagged bunker tankers, serving ship owners across Asia and beyond from the world's largest bunkering port of Singapore.
• VLSFO (Very Low Sulfur Fuel Oil) Very Low Sulfur Fuel Oil delivered via bunker barges to shipping clients in Singapore. All deliveries made in line with ISO specifications and Singapore Standard Code of Practice for Bunkering (SS 648).
• Bio-fuel Blended VLSFO Bio-fuel blended VLSFO marine fuel combining renewable energy components with conventional fuel for decarbonisation purposes, offered to shipowners in Singapore.
• Biofuel Bunker Fuels (B24, B30, B100) Biofuel blends including B24, B30, and up to B100 (100% bio component) marine fuels delivered via the Marine Future vessel, enabling delivery of higher concentration biofuel blends than conventional oil tankers.
• LNG/MGO Dual Fuel Bunker Tanker Service
• Electric-Hybrid Bunker Tanker Service Bunker delivery service using electric-hybrid bunker tankers with Lithium ion battery Energy Storage Systems (ESS) and automated Power Management System (PMS) for reduced GHG emissions in harbour operations.
• Green Bunker Fuels Carbon offset offering allowing customers to cancel emissions associated with bunker fuel cargo through Verified Emissions Reductions (VERs), with emissions calculated using IMO and EU guidelines.
• Vitol Bunkers Global Service Global bunkering service offering ship and fleet owners worldwide access to high quality marine fuels blended to required specifications, leveraging Vitol's global reach, infrastructure, and supply capabilities with 6,650 ship voyages per year.
• ZeroNorth eBDN Digital Bunkering Electronic Bunker Delivery Note (eBDN) digital bunkering solution deployed on 12 barges, enabling streamlined workflows, eliminated manual errors, enhanced efficiencies, reduced costs, and greater data accuracy and quality.

Quantifiable outcome

• First delivery of B30 biofuel blend in Singapore (March 2024)
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• ZeroNorthcoreTechnology or Integration · 11 July 2024ZeroNorth provides its eBDN (electronic bunker delivery note) solution on 12 barges operated by V-Bunkers in Singapore. The deployment streamlines workflows, eliminates manual errors, enhances efficiencies, reduces costs, and supports MPA's goal of digitalized bunkering. After comprehensive testing, MPA granted ZeroNorth's eBDN solution whitelisting approval for regulatory compliance, data accuracy and security.
• Maritime and Port Authority of Singapore (MPA)coreOthersV-Bunkers works with MPA to promote and provide greener marine fuels options. MPA facilitates trial deliveries of bio-fuel blends and supports digital bunkering initiatives. MPA presented V-Bunkers with Green Ship Awards and facilitated the company's first bio-fuel blended VLSFO deliveries.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BP Marine: Major oil company's marine fuels division with substantial Singapore operations, competing broadly in conventional and alternative bunker fuels.
• Shell Marine: Global oil major with a leading marine fuels business including significant Singapore bunkering presence, offering a wider portfolio of fuels and services than V-Bunkers.
• TotalEnergies Marine Fuels: Integrated oil major's marine fuels unit with Singapore hub operations, offering broad bunker and alternative fuel capabilities overlapping with V-Bunkers.

Direct peers

• Bunker Holding: World's largest bunker trading company with extensive Singapore operations, comparable to V-Bunkers in marine fuel broking and physical supply.
• Minerva Bunkering: Joint venture between Minerva Group and Aegean Marine Petroleum Network supplying marine fuels globally, with significant Singapore presence competing directly with V-Bunkers.
• KPI Bridge Oil: Global marine fuel supplier with strong Singapore presence, offering similar conventional and biofuel bunker products to shipowners.
• Sentek Marine & Trading: Singapore-based bunker craft operator and trader supplying marine fuels to vessels in Singapore, competing head-to-head with V-Bunkers in the world's largest bunkering port.
• Hong Lam Marine Pte Ltd: One of Singapore's leading bunker craft operators with a fleet of bunker barges, directly comparable to V-Bunkers in fleet-based marine fuel delivery.
• TFG Marine: Global marine fuel supplier joint venture of Trafigura, Frontline, and Golden Ocean, operating in Singapore and competing with V-Bunkers in physical bunker supply.
• OceanConnect Energy: Marine fuel trading platform and supplier active in Singapore, providing bunker broking and supply services comparable to Vitol's bunker trading arm.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/vitolnews
• YouTubevimeo.com/user24862167
• LinkedInlinkedin.com/company/vitol-bunkers-s-pte.-ltd.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VITOL BUNKERS (S) PTE. LTD.