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Bunker Suppliers News

05 Mar 2024

Singapore Highlights its Maritime Achievements for 2023

© anekoho / Adobe Stock

The Singapore government has recounted the achievements of Maritime Singapore to date to highlight the nation’s successes as a maritime hub in 2023:Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. Twenty-five maritime companies established or expanded their operations in Singapore last year. These included maritime services companies and companies setting up sustainability desks in Singapore as part of their…

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…

12 Sep 2023

IMO Provides Interim Guidance on Biofuels in Relation to CII

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The 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80), held in July 2023, has approved the interim guidance on the use of biofuels.This is in relation to assigning CO2 Emission Conversion Factor (Cf) under the Carbon Intensity Indicator (CII) regulations and when reporting fuel consumption to the IMO Data Collection System (IMO DCS).Flag States are encouraged to apply the interim guidance on use of biofuels under regulations 26, 27 and 28 of MARPOL Annex…

14 Aug 2023

Singapore Bunker Sales Rebound as Container Throughput Firms

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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…

16 Jan 2023

Singapore's Top Bunker Suppliers of 2022

© Igor Groshev / Adobe Stock

Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world's largest bunkering hub Singapore in 2022, official data showed on Monday.Equatorial overtook PetroChina International Singapore Pte Ltd, who dipped from its top ranking in 2021 to second spot in 2022, while Trafigura's TFG Marine Pte Ltd climbed two spots to become third-largest supplier, data from the Maritime and Port Authority (MPA) of Singapore showed.Vitol Bunkers Pte Ltd maintained fourth in 2022 as with the previous year, while Shell Plc's Singapore bunkering unit, Shell Eas

28 Oct 2022

Bunker Suppliers Dan-Bunkering and Amoil Merge

© Igor Groshev / Adobe Stock

Bunker fuel suppliers Dan-Bunkering and Amoil on Friday announced they will merge on January 1, 2023 under one combined brand, Dan-Bunkering.The move, which follows the recent merger between Dan-Bunkering and SABT in the spring of 2022, continues industry consolidation in the bunkering sector.Dan-Bunkering is headquartered in Denmark with 11 physical locations worldwide and employs more than 100 employees. Amoil has been operating out of Durban for the past 38 years, servicing clients as the first independent bunkering company in South Africa.

03 Oct 2022

DNV, Pavilion Bringing Digital LNG Bunkering Solution to Singapore

Credit; DNV

Pavilion Energy and DNV have said they have developed a fit-for-purpose LNG bunker digital solution for employment in the Port of Singapore.The companies said they'd developed a tailored digital bunkering platform ‘FuelBoss’ to meet local requirements."As a fully digitalized end-to-end bunkering solution, FuelBoss will improve process integrity, data transparency, and operational efficiency for customers. This includes digital checklists and electronic Bunker Delivery Notes developments…

05 Aug 2022

Supertankers Waiting to Load Murban Crude After Floods Shut Fujairah

At least four supertankers are waiting to load Murban crude off Fujairah in the United Arab Emirates a week after floods shut operations at the oil hub, according to trade sources and shipping data on Refinitiv Eikon.Last Thursday, the Abu Dhabi National Oil Company (ADNOC) said it had shut down its operations at Fujairah terminal due to "exceptional rainfall".The company had said it would divert Fujairah terminal oil lifting to the Jebel Dhanna terminal which can handle Murban shipments.However, supertankers are still waiting off Fujairah and it remains unclear when loading will resume, according to the sources and Refinitiv data.Two…

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

01 Jun 2022

Singapore's New Trade Data Sharing Platform Aims to Stem Fraud

© ake1150 / Adobe Stock

A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster confidence after a spate of commodity trade finance frauds in recent years.The Singapore Trade Data Exchange (SGTraDex), whose founders include banks DBS and Standard Chartered, commodity trader Trafigura and the local tech regulator, Infocomm Media Development Authority, was launched on Wednesday after plans were announced last year."We're trying to replicate what's happening in the physical world…

04 Apr 2022

Singapore Port Authority Probes Alleged Bunker Fuel Contamination

© Igor Groshev / Adobe Stock

The Maritime and Port Authority of Singapore, which oversees the world's biggest marine refuelling hub, said it is investigating the suspected contamination of bunker fuel supplied to several ships in the port and had ordered supply of the batch to be halted.At least 14 ships that received tainted high-sulphur fuel oil (HSFO) from Singapore suffered loss of power and engine problems, Veritas Petroleum Services (VPS) said late last week."We detected contamination in 34 fuel samples and we are aware of 14 vessels that have suffered damages.

01 Apr 2022

Bunker Suppliers Stop Serving Russian Vessels in the Med

© Alex Stemmers / Adobe Stock

Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports, five industry sources with knowledge of the matter told Reuters.Losing access to refueling points in the Mediterranean Sea poses major logistical problems for Russian oil tankers going from Baltic ports to Asia and also creates safety concerns over potentially being stuck at sea with flammable cargoes, shipping sources say.Russia…

17 Jan 2022

PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers

© Adwo / Adobe Stock

PetroChina International Singapore Pte Ltd climbed three spots to be the top marine fuel supplier in the world's biggest ship refueling hub in 2021 while the overall number of licensed suppliers fell by four to 41, official data showed on Monday.Shell Plc's Singapore bunkering unit, Shell Eastern Trading Pte Ltd, fell from the top ranking in 2020 to third, behind Singapore's Equatorial Marine Fuel Management Services Pte Ltd in second place, unchanged from 2020, the Maritime and Port Authority (MPA) of Singapore data showed.Vitol Bunkers Pte Ltd…

29 Oct 2020

Singapore Seeking LNG Bunker Suppliers

© Creativa Images / Adobe Stock

Singapore is looking to add liquefied natural gas (LNG) bunker suppliers amid increasing demand for the cleaner burning marine fuel in the world's top shipping hub.The Maritime and Port Authority of Singapore (MPA) on Wednesday launched a request for proposal (RFP) for parties seeking to supply LNG fuel to ships in the Port of Singapore.The city state’s annual LNG bunkering capacity is expected to hit 1 million tonnes by 2021, as shipping companies continue to turn toward cleaner…

18 Sep 2020

World’s Largest LNG Bunkering Vessel Named in Rotterdam

(Photo: Chris Schotanus, Total)

The world’s largest liquefied natural gas (LNG) bunker vessel was officially named during a ceremony held Friday in Rotterdam. The 135.5-meter-long, 18,600-cubic-meter-capacity GTT Mark III Flex membrane vessel has been named Gas Agility.The first LNG bunker vessel owned by Emerald Green Maritime Limited, a wholly owned subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), she is chartered by Total’s affiliate Total Marine Fuels Global Solutions (TMFGS).In February 2018, TMFGS and MOL signed a time charter party for the vessel…

16 Sep 2020

Global Demand for Marine Fuels to Fall by Up To 17%

Image by Georgiy/AdobeStock

Global demand for marine fuels is expected to fall by up to 17% due to the impact of the coronavirus pandemic on world trade, setting the stage for more consolidation among bunker suppliers, an industry executive told a conference on Wednesday.Banks scaled back on their commodities trade finance after the coronavirus crisis led to defaults by some trading houses and exposed a series of frauds, leaving small and medium-sized firms most exposed.Unni Einemo, director of the International Bunker Industry Association (IBIA), said firms were contending with low demand, low margins, ample supplies, i

01 Sep 2020

LR Publishes Guidance on Methanol Bunkering

© ibreakstock / Adobe Stock

As stakeholders across the maritime industry assess future fuel options in support of the International Maritime Organisation’s 2030 and 2050 greenhouse gas reduction ambitions, Lloyd’s Register (LR) and the Methanol Institute (MI) have produced a Bunkering Technical Reference on Methanol, which is among the future fuels receiving close attention.The new guidance outlines the procedures required for the safe bunkering of methanol and incorporates dedicated checklists to assist shipowners/operators…

19 Jun 2020

'Strong Interest' in China's New Marine Fuel Contract

Illustration by tawatchai1990 - AdobeStock

China's marine fuel futures contract that debuts on Monday on the Shanghai International Energy Exchange (INE) is likely to attract strong interest, despite weakened ship fuel demand amid the coronavirus pandemic, industry participants said. The new low-sulphur fuel oil (LSFO) contract features marine fuel meeting stricter international emissions rules and is the latest commodity futures product - and second oil contract after Shanghai crude - open to foreign investment. With few competitors…

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…

21 Apr 2020

Singapore Adds Minerva Bunkering and TFG Marine to List of Bunker Suppliers

Singapore port - Image by anekoho / AdobeStock

The Maritime and Port Authority of Singapore (MPA), home the world's top marine refueling hub, said it has awarded two new bunker supplier licenses to Mercuria's Minerva Bunkering and Trafigura's TFG Marine."MPA and ESG welcome the entry of Minerva Bunkering and TFG Marine, which will consolidate Singapore's position as the global bunkering and oil trading hub," the MPA said in a joint statement with Enterprise Singapore (ESG).The licences are the first to be issued by the port regulator since 2017, bringing the total number of licensed bunker suppliers to 45 in Singapore, and come after the M

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…

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…