Friday, 22 March 2019 13:19

Vitol to take over of VALT bitumen joint venture

Vitol

Vitol will be expanding its global tanker fleet via a takeover of the VALT bitumen joint venture. The company will be acquiring the final 50 percent of the joint venture which it established with Sargeant Marine in 2016, giving Vitol 100 percent ownership of VALT. VALT operates a fleet of eleven asphalt/bitumen tankers and handles around 1.4 million metric tons of asphalt per annum.

Read 350 times Last modified on Friday, 22 March 2019 14:24
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