BP Remains Singapore's Top Marine Fuel Supplier
BP Singapore kept its spot as a top marine fuel supplier by volume for the eleventh straight year in 2014 at the world's biggest bunkering port, the Maritime Port Authority of Singapore (MPA) said.
MPA does not specify the volumes each supplier sells, but traders pegged the oil major's sales at around 400,000 tonnes a month, or about 10 percent of the country's monthly sales. Overall Singapore sold 42.4 million tonnes of marine fuel last year.
This is slightly behind the sales volume achieved in 2013 at 42.7MT. Bunker traders sources have attributed the drop to more efficient use of ship-fuel systems, such as slow steaming and the slowdown of economic activities in Asia.
While BP maintained its first position, the second to fifth positions remained unchanged from last year. They were held by Sentek Marine & Trading, Transocean Oil, SK Energy International, and Shell Eastern Trading respectively.
Panoil Petroleum, Toyota Tsusho Petroleum, and Vermont UM Bunkering displaced Bunker House Petroleum, Sirius Marine and Aegean Bunkering (Singapore) in the top 20 rankings.
The now-defunct O.W. Bunker Far East, a Singapore-based subsidiary of the Danish fuel supplier, was ranked 11th in the list of top-20 bunker suppliers in terms of volumes. The company had since ceased operation following the collapse of its parent company, OW Bunker, in November 2014.
