Vitol's Malaysian storage to take third bitumen cargo

Market: Oil products
19/03/25

Global energy trading firm Vitol will take a third bitumen shipment from Singapore for its recently built 50,000-70,000t storage facility in Malaysia's Tanjung Bin, vessel tracking data showed.

The cargo aboard the 5,869 deadweight tonne (dwt) Erica 10 vessel was loaded from Singapore Refining's terminal in Jurong, Singapore over 16-17 March and is scheduled to discharge in Tanjung Bin over 20-21 March, Kpler and Vortexa data showed.

The same vessel carried the firm's second cargo the previous week, while the first shipment was loaded aboard the 4,020dwt Sidra Qatar vessel at the end of January from ExxonMobil's terminal in Singapore and was discharged into Tanjung Bin in early February, the data showed.

The trading firm is likely importing cargoes into its storage facility to stock up, but it cannot be determined if it would start exporting from Tanjung Bin in the near term.

By Sathya Narayanan

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19/03/25

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