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Bunker Sales News

16 Jan 2024

Equatorial, TFG and Sinopec are Singapore's Top Three Marine Bunker Suppliers in 2023

© Igor Groshev / Adobe Stock

Equatorial Marine Fuel Management Services, TFG Marine and Sinopec Fuel Oil Singapore were the top three marine bunker suppliers in Singapore, the world's largest bunker hub, in 2023, latest data from the port authority showed.Equatorial maintained its top position for a second consecutive year, while Trafigura's TFG Marine rose one spot to become the second largest supplier, data from Singapore's Maritime and Port Authority showed.Sinopec Fuel Oil Singapore jumped 16 spots to become the third largest supplier, the data showed.

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

14 Aug 2023

Singapore Bunker Sales Rebound as Container Throughput Firms

© Mariusz / Adobe Stock

Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed.Bunker sales at Singapore are a key indicator of sentiment at the world's largest refuelling hub for ships, which is also one of the busiest shipping lanes globally.The volume totalled 4.52 million metric tons in July, up 14.9% month-on-month and 9.7% higher year-on-year, Singapore's…

14 Jun 2023

Singapore May Bunker Sales Hit over 5-year High as Vessel Arrivals Spike

Credit: joyt / AdobeStock

-Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refuelling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed on Wednesday.Singapore's bunker sales are an indicator of sentiment at one of the world's major ports and demand also affects fuel oil refining margins in Asia. Sales extended gains for a third consecutive month to 4.52 million tonnes, up 6.2% month-on-month, Singapore's Maritime and Port Authority data showed.

14 Mar 2023

TFG Marine Targets 20% Bunker Sales Rise through Expansion

© Kirk / Adobe Stock

TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales volume by up to 20% this year through expansion in Africa, the UK and the Mediterranean, a senior company executive said.The fuel supplier is looking to expand its volumes to 11-12 million tonnes, up from about 10 million tonnes in 2022, its head of bunkering Kenneth Dam told Reuters on the sidelines of the Fujairah Bunkering and Fuel Oil Forum (FUJCON) 2023.It plans to expand operations in several existing and new markets…

13 Dec 2022

Singapore Bunker Sales Hit 22-month High

© Igor Groshev / Adobe Stock

Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted buying interest at the world's largest bunkering hub.November bunker sales totalled 4.37 million tonnes, climbing 3% month-on-month and up 4% year-on-year, data from Singapore's Maritime and Port Authority showed.The higher sales came despite lower vessel arrivals for bunkering at Singapore, which dipped dipped by 4% month-on-month at 3,299 vessel calls, although edged higher by 3% year-on-year.

18 Nov 2022

Fujairah Bunker Sales Slide 2% in October

© Mariusz / Adobe Stock

Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.The decline was led by a fall in low-sulphur bunker fuel sales, including low-sulphur fuel oil and marine gasoil.

14 Nov 2022

Singapore Marine Fuel Sales Hit One-year High in October

© anekoho/AdobeStock

Marine fuel sales in Singapore surged to a one-year high in October, latest official data showed on Monday, as more competitive prices attracted ships to refuel at the world's top bunkering hub. October bunker sales totaled 4.25 million tonnes, climbing 7% from September, while vessel arrivals for bunkering at Singapore rose 9% month-on-month at 3,431 vessel calls, data from Singapore's Maritime and Port Authority showed. Prices for ship refueling were lower in Singapore in October, compared with other regional bunkering ports such as Zhoushan and South Korea, bunker fuel traders said.

27 Oct 2022

Rotterdam Port to Make New Metering System Compulsory for Ship Refueling

©Nataraj/AdobeStock

Rotterdam, Europe's biggest port, plans to make mass flow meters, which can measure fuel supplies more accurately, compulsory for ship refueling, a spokesperson for the port told Reuters on Thursday. The move aims to boost transparency and efficiency to avoid disputes over fuel volumes that sometimes occur during refueling, a process known as bunkering. Singapore, the world's largest bunkering hub, made mass flow meters compulsory for ship refueling in 2017 and is the only port to have done so until now.

13 Sep 2022

Singapore Bunker Fuel Sales Steady in August

© Igor Groshev / Adobe Stock

Marine fuel sales at the world's largest bunkering hub Singapore held steady at 4.12 million tonnes in August, with the number of vessel arrivals for bunkering little changed, official data showed Tuesday.Sales for low-sulphur marine fuels were steady to higher from the previous month, though total monthly sales were weighed down by a slight decline in high-sulphur fuel oil (HSFO). "HSFO bunker volumes were lower, potentially due to the two-month suspension of Glencore's bunkering license in Singapore…

20 Jul 2022

Fujairah Bunker Fuel Sales Fall to Four-month Low

© vladsv / Adobe Stock

Marine fuel sales at the United Arab Emirates' Fujairah, third largest bunkering hub in the world, fell to a four-month low in June as high bunker premiums and tight supplies capped uptake.Total bunker sales volumes were down 13% month-on-month at 647,184 cubic meters (about 619,602 tonnes) in June, based on latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights."Fujairah barges have been trading above Singapore since mid-June.

06 Jun 2022

Sinopec Fuel Oil Singapore Targets 50% Increase in Bunker Sales

© Igor Groshev / Adobe Stock

Sinopec Fuel Oil (Singapore) Pte Ltd aims to raise its monthly bunker sales volumes by more than 50% after it received a license from the Singapore government this month, the company’s general manager said on Monday.Chinese refiners are expanding their foothold in the global marine fuels sector by increasing sales and output of 0.5% low sulphur fuel oil at key ports in Zhoushan, in China, and Singapore in recent years.The Maritime and Port Authority of Singapore (MPA) awarded the bunker license to Sinopec's Singapore fuel oil unit on June 1, the MPA said on its website, allowing the company to

28 Mar 2022

Clean Canaveral Completes Inaugural LNG Bunkering

The Clean Canaveral providing cool-down services and bunkering LNG to the Eagle Brasilia (Photo: Polaris New Energy)

The Clean Canaveral, a new liquefied natural gas (LNG) bunker barge operating along the coast of the southeastern United States, recently completed its inaugural bunkering in Jacksonville, Fla. The Clean Canaveral has a capacity of 5,500 cubic meters, making it the largest Jones Act LNG bunker barge. The vessel operates as an articulated tug barge unit (ATB) and is owned by Polaris New Energy LLC, a subsidiary of Seaside LNG Holdings.The operation marks the first barge-to-ship cool down performed in the United States.

14 Mar 2022

GAC Bunker Fuels Opens New US Office

(Photo: GAC Group)

GAC Bunker Fuels has opened a new office in Westport, Conn. to help global customers decarbonize in American ports and beyond.The office will be manned by liquefied natural gas (LNG), biofuel, low sulfur fuel oil (LSFO) and marine gasoil (MGO) experts Maurice Lara and John Lindquist, and will be carbon neutral.Beyond aligning with the United Nation’s Sustainable Development Goals, GAC Bunker Fuels has pledged zero oil-based bunker sales by January 1, 2030. On 1 September 2020…

29 Apr 2021

HSFO Sales Rebound After Pre-IMO 2020 Correction -BIMCO

© Rex Wholster / Adobe Stock

In the first quarter of 2021 high-sulpfr fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world's largest bunkering hub. HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes. This is however still less than a third of high-sulfur fuel sales in Q1 2019, before the IMO 2020 Sulphur Cap came into force.The 1 million tonne increase in HSFO sales exceeded the fall in low-sulfur fuel oil (LSFO) and marine gas oil (MGO) sales, though only marginally, with total bunker sales in Singapore up by 0.8% in Q1.

18 Mar 2021

Scrubber-fitted Ships Nearly Double Since January 2020 -BIMCO

© zheltikov / Adobe Stock

As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be compliant with the International Maritime Organization's (IMO) 2020 global sulphur cap that came into force on January 1, 2020, overall bunker sales rose in the world’s by far largest bunkering hub: Singapore.Total bunker sale volumes grew by 5% in 2020 and have continued to climb in the first two months of 2021 (+2.7% y/y),a n indication of the shipping industry’s ability to deliver all the way through the pandemic.

27 May 2020

China's VLSFO Exports Rose By a Third in April

© James Steidl / Adobe Stock

China's low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting in January very low sulphur fuel oi (VLSFO) with a maximum sulphur content of 0.5% to comply with emission rules for ships from the International Maritime Organization.Data from China's General Administration of Customs showed April exports of the ship fuel reached nearly 1.43 million tonnes…

11 May 2020

BIMCO: 2020 and the Collapse of Bunker Fuel Markets

Source: BIMCO

The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great Depression in the 1930s.Commodity prices have declined across the board and most recently…

20 Apr 2020

MPA Awards Two Bunker Licenses

The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following its call for applications for new licences in December 2019.Bunkering services in the Port of Singapore and oil trading remain resilient despite the global COVID-19 pandemic. Bunker sales in Singapore grew 5.4%, from 12.07 million tonnes in the first quarter of 2019 to 12.72 million tonnes in the first quarter of 2020.MPA and Enterprise Singapore (ESG) welcome the entry of Minerva Bunkering and TFG Marine, which will consolidate Singapore’s position as the global bunkering and oil trading hub.These…

19 Mar 2020

Most Bunker Sales in Singapore are Low-sulphur Fuels -BIMCO

© Rex Wholster / Adobe Stock

Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with marine gas oil (MGO) accounting for 12.5%, BIMCO reports.Total bunker sales in February fell 16% to 3.9 million metric tons compared with January, reflecting lower demand for shipping as the coronavirus paralyzed intra-Asian supply chains.Now that both the sulphur cap and the non-compliant fuel oil carriage ban have come into force…

17 Jan 2020

Low-sulphur Fuel Sales Surge

© vladsv / Adobe Stock

The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months. In contrast, the sale of low-sulphur fuels skyrocketed in the final quarter.The first wave…

09 Dec 2019

Rotterdam Port Promotes VLSFO

Europe’s largest bunker port Rotterdam said that the new low-sulfur bunker oil VLSFO (Very Low Sulfur Fuel Oil with a maximum 0.5% sulfur) has become extremely popular in the port.Half of all November bunker sales were for VLSFO. This became apparent from the bunkering notifications via the Port of Rotterdam Authority’s TimeToBunker App.As of 1 January 2020, sea-going vessels on the world’s oceans may only use fuel with a sulfur content of no more than 0.5%. The current maximum is 3.5%. High-sulphur fuel will only be permitted on vessels that have scrubbers - an installed filtration system - on board.The TimeToBunker App shows that VLSFO sales have increased dramatically over the past two months: September 1,700 tonnes, October 32,000 tonnes and November 95,000 tonnes.

22 May 2019

Bunker Fuel Mkt to Reach $273bln by 2025

The global bunker fuel market, which was valued at $137.21 billion in 2017, is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period, 2018-2025.Increased offshore hydrocarbon exploration activities in offshore destinations and growth in marine trade due to rise in import-export activities contribute to the overall growth of the global bunker fuel market, said a report published by Allied Market Research.However, stringent government regulations regarding the use of bunker fuel such as residual fuel oil (RFO) containing pollutants such as sulfur and nitrogen that are capable enough to disturb the marine life cycle restrain the market growth.Conversely…