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Exxon Enters Agreement with Singapore’s Sinanju Tankers Holdings Pte Ltd

By John F. Heerdink, Jr.

Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.

As per reports, ExxonMobil has entered into a two-year charter agreement with Sinanju Tankers Holdings Pte Ltd to lease out its 7,990 deadweight tonnage LNG powered bunker tanker for the movement of ExxonMobil’s new Engineered Marine Fuels to ocean-going vessels within Singapore port limits from next year. The use of LNG powered bunker will help to reduce greenhouse gas emissions in the bunker industry.

Exxon’s new Engineered Marine Fuels (EMF.5) are designed to comply with the International Maritime Organization’s global rules for the limit of sulfur content in marine fuels to 0.5% from a current percentage of 3.5%. The tanker is expected to join Sinanju’s vessel bunker fleet in December 2019.

To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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ExxonMobil charters Singapore’s first LNG-fuelled bunker barge

ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte Ltd to lease Singapore’s first liquefied natural gas (LNG) powered bunker tanker, Sinanju said in a statement on Friday. The 7,990 deadweight tonnage (dwt) new build will be the..

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