Vitol Orders Two Newbuild LNG Bunkering Vessels at CIMC SOE

by Admin

Global energy giant Vitol, through its subsidiary Vitol International Shipping Pte Ltd (VIS), has taken proactive steps to advance the future of LNG bunkering with the procurement of two new LNG Bunkering Vessels (LNGBV). The vessels, to be built at CIMC Sinopacific Offshore & Engineering Co. Ltd in Nantong, China, represent a strategic investment in sustainable maritime solutions.

LNG enables shipowners to reduce their environmental footprint at competitive price levels. When combined with bio-LNG blending, it also offers shipowners a long-term solution for compliance with increasingly stringent emission regulations.

Vitol has signed a deal with CIMC Sinopacific Offshore & Engineering Co. Ltd to construct two LNG Bunkering Vessels (LNGBVs). This includes a 12,500 m3 LNGBV expected to be delivered by Q4 2026, followed by a significant newbuild 20,000m3 LNGBV slated for delivery in Q2 2027.

LNG Bunkering

Mr. Pablo Galante Escobar, Head of LNG, EMEA Gas & Power at Vitol, commented “Shipowners worldwide are increasingly focused on emissions reduction. We are pleased to enhance our offerings by investing in LNG/bio-LNG bunkering, thereby expanding their choices.”

Vitol, with 20 years of LNG trading experience, continues to expand globally and traded over 17 million tonnes of LNG last year. The company has been investing in bio-LNG infrastructure through its subsidiary, ViGo bioenergy, and is a leading provider of bunker fuels through Vitol Bunkers. This positions Vitol uniquely to offer multifuel and decarbonization solutions globally, encompassing conventional marine fuels, biofuels, LNG & bio-LNG, and methanol.

This investment underscores Vitol’s dedication to shaping the future of energy distribution, leveraging its global presence and expertise to drive innovation in the maritime sector. As Vitol continues to expand its fleet and infrastructure, it remains committed to advancing sustainable practices and supporting the evolution towards cleaner energy solutions worldwide.

About Vitol

Vitol, a pioneering force in the energy sector, boasts a formidable presence across the entire energy spectrum, encompassing oil, power, renewables, and carbon credits. With operations spanning sourcing, distribution, and risk management, Vitol plays a crucial role in the global energy landscape.

With a daily trade volume exceeding 7 million barrels of crude oil and products, coupled with the chartering of approximately 6,200 ship voyages annually, Vitol’s global footprint is testament to its commitment to adding value across the entire energy supply chain. Operating from over 40 offices worldwide, Vitol remains at the forefront of innovation, driving sustainable practices and shaping the future of energy distribution.

Source Vitol