Vitol Introduces Dedicated Biofuel Bunker Barge in Singapore to Meet Demand

Asia’s market for biofuels is expanding rapidly and to take advantage of the emerging opportunities, Vitol, one of Singapore’s leading fuel suppliers has taken delivery of its first specialized bunker vessel. The company looks to take advantage of the emerging opportunity and last fall reported the first vessel would be the first of several specialized bunker barges placed into service.

“Though at a nascent stage, demand for biofuel is expected to grow significantly in the coming years, as the shipping industry looks at ways to decarbonize and curb emissions,” says Vitol. They point to the International Maritime Organization’s interim regulations released last October as another factor likely in the near term to spur growth in biofuels.

View entirety: The Maritime Executive