February 29 2016

VITOL AND SARGEANT MARINE’S NEW ASPHALT BUSINESS VALT LAUNCHES TODAY

The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, today announced the launch of their new asphalt trading venture VALT.

Valt is a leader in trading, storage and marine transportation of asphalt products around the world. It will continue to expand its customer service, leveraging the logistical capabilities, distribution networks and asphalt manufacturing of its shareholders. From launch it will have volumes of circa 1.3 million metric tons of asphalt per annum, hubs in Boca Raton, Florida, Geneva, London and Singapore, and a fleet of fourteen specialised vessels – the world’s largest dedicated asphalt fleet.

In addition, a team experienced in the logistical complexities of asphalt will work with customers to deliver optimal solutions, handling supply and transportation in parcel sizes ranging from 20 metric tons up to 44,000 metric tons.

Dan Sargeant, Managing Director, Valt, said: “I am looking forward to working with Nick Fay and his team from Vitol. We are committed to delivering to market leading standards, globally. Valt’s customers will benefit from decades of experience in asphalt logistics, as well as the strength that our market leading shareholders give us.”

For more information, please see www.valtasphalt.com

December 21 2015

SARGEANT MARINE TAKES DELIVERY OF WORLD’S LARGEST SPECIALTY BUILT ASPHALT TANKER

BOCA RATON, FLORIDA – (December 21, 2015) – Sargeant Marine has today announced that it has taken delivery of a new state-of-the-art 37,000 ton vessel, Asphalt Splendor. The vessel’s arrival confirms the commitment of Sargeant, a leader in the global trading, storage and marine transportation of asphalt products, to remain at the forefront of technology.

“It is imperative to stay ahead of the game, thinking innovatively when it comes to economics, as well as operations,” said Dan Sargeant, president of Sargeant Marine.

Asphalt Splendor was built by Sargeant Marine, in partnership with AVIC-Dingheng Shipbuilding Co., Ltd. China. The vessel features an array of advanced, economical and eco-friendly features, which make the vessel the first in a new generation of specialty built tankers.

“Asphalt Splendor gives Sargeant Marine a distinct advantage in the marketplace, as there is truly nothing like this out there,” said Sargeant. “We are now perfectly positioned to continue delivering the service and efficiency that have become synonymous with the Sargeant name.” Asphalt Splendor is the 12th operating vessel in Sargeant Marine’s international fleet.