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CNC Petroleum mulls further Singapore bunker tanker acquisitions, starts business expansion to Philippines

‘We intend to expand our product portfolio to include VLSFO bunker deliveries at a later stage; after investments into the MGO bunkering segment have been complete,’ Director tells Manifold Times.
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Davina MT

Singapore-based CNC Petroleum, a subsidiary of local fuel and lubricant distributor PS Energy, is embarking on several bunkering related projects as part of internal expansion plans this year, says its Director.

The marine gas oil (MGO) specialised bunker supplier first received its bunkering licence from the Maritime and Port Authority of Singapore in 2017 and has been providing marine fuel via truck and shore tank to vessels at Penjuru Jetty, according to Sean Chua, also the Managing Director of PS Energy.

The company reached a milestone in 2020 when it became a shipowner through the acquisition of two 150mt capacity floating kiosks to service mainly harbour craft and two bunker tankers offering bonded MGO to international vessels.

“The floating kiosks and bunker tankers [500mt capacity Marine Dignity and 1,500mt Davina] acquired last year complement our existing land-based bunkering business at Penjuru jetty,” Chua told Singapore bunkering publication Manifold Times.

“2020 was perhaps the most interesting period for the Singapore bunkering industry where certain commodity trading mishaps created opportunity within the republic’s MGO fuel supply sphere.

“From our positive experience of operating Marine Dignity and Davina, combined with the newfound opportunity in the MGO bunker supply sphere, the company direction in 2021 will be to explore the acquisition of even more MGO bunker tankers of between 500 to 2,000mt capacity – provided the price is right.

“We also intend to expand our product portfolio to include VLSFO bunker deliveries at a later stage; after investments into the MGO bunkering segment have been complete.

“This is on top of a current company plan to expand our bunkering business to the Philippines where we now have 12 fuel trucks on location.”

Additionally, CNC Petroleum is keen to transfer digital technologies currently used by the company’s land-based marine refuelling operations for ship-to-ship bunkering, shares Chua.

“We currently operate a fleet of 23 trucks in Singapore for various types of refuelling operations, and those responsible for truck-to-ship bunkering have been equipped with a well-established system where we are able to remotely track the volume of fuel delivered from the load point to the customer,” he explains.

“We are looking forward to migrate this commercially proven system for use on our newly acquired bunker tankers.”

Moving forward, Chua believes 2021 to be a year of rapid growth for CNC Petroleum.

“We feel this year is the right time to further develop the company as an MGO marine fuel supplier to better serve Singapore port,” he states.

“The bunker sales volume at Singapore port grew by 5% on year to 49.8 million metric tonnes (mt) in 2020, which is an astounding feat considering the current coronavirus pandemic. We are confident sales of marine fuels at the world’s largest bunkering port will continue to grow.

“On top of that, the local bunkering market has now changed where we find financial institutions and regulatory bodies favouring players with strong digital capabilities and operational transparency.

“It is clear the mandatory use of mass flowmeters for the custody transfer of marine fuel at Singapore port has created a level playing field where relatively new entrants into the bunkering sector, such as CNC Petroleum, feel welcomed to explore.”

For collaboration opportunities, please contact:

Jeffrey Tan
Senior Sales Manager (Head of Bunkers)
HP: +65 9321 9921
ICE: jeftan
Skype: Jefftjk
Email: [email protected]

 

Photo credit: MarineTraffic / Pak Agen
Published: 3 March, 2021

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Business

Helmsman names Raj Mannar as Director and Head of Corporate, Mergers & Acquisitions

Raj brings close to fifteen years of experience advising on corporate and commercial matters, mergers and acquisitions, corporate governance, investments, fundraising and employment.
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September 1, 2026

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Helmsman names Raj Mannar as Director and Head of Corporate, Mergers & Acquisitions

Singapore-based multi-disciplinary law firm Helmsman LLC on Tuesday (1 September) said it has appointed Raj Mannar as Director and Head of its Corporate, Mergers & Acquisitions practice. 

Raj brings close to fifteen years of experience advising on corporate and commercial matters, mergers and acquisitions, corporate governance, investments, fundraising and employment.

Raj’s arrival strengthens the firm’s Corporate, M&A capabilities across Southeast Asia and beyond. He regularly advises on cross-border acquisitions and divestments, joint ventures and corporate restructurings, and equity and debt fundraisings. His deal experience has seen him act on both domestic and cross border transactions valued, in aggregate, in excess of USD 500 million.

His wider practice also covers corporate governance and general commercial matters, most recently acting as Singapore counsel on Victory Giant Technology’s USD 2.6 billion listing on the Hong Kong Stock Exchange.

Raj has been recognised as one of Southeast Asia’s Top 40 Under 40 lawyers by LexisNexis and as a Rising Star by AsiaLaw.

Ian Teo, Managing Director of Helmsman, said: “We are delighted to welcome Raj to Helmsman. His deep transactional experience across complex, cross-border matters and his track record advising clients through every stage of a deal make him an outstanding addition to our team. We look forward to the continued growth of our Corporate, Mergers & Acquisitions practice under his leadership.”

Raj Mannar said: “Helmsman has built its reputation on commercial, client-focused advice, and I am delighted to join at this stage of the firm’s growth. I look forward to working with the team to build out the Corporate, Mergers & Acquisitions practice in Singapore and across the region.”’

 

Photo credit: Helmsman
Published: 1 September, 2026

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LNG Bunkering

CIMC Enric LNG tank-swapping model used by boxship “Digul Mas” on maiden voyage

Vessel adopts an innovative LNG fuel tank swapping model, enabling flexible and efficient LNG refuelling without relying on large-scale bunkering infrastructure.
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CIMC Enric LNG tank-swapping model used by boxship “Digul Mas” on maiden voyage

Clean energy equipment and services provider CIMC Enric on Monday (31 August) said LNG-powered container vessel Digul Mas, owned by Indonesian listed shipping company TEMAS Group, has successfully completed its commercial maiden voyage.

The vessel has commenced operations on the inter-island route connecting Surabaya, Kendari, and Gorontalo, Indonesia.

The vessel adopts an innovative LNG fuel tank swapping model, enabling flexible and efficient LNG refuelling without relying on large-scale bunkering infrastructure.

As a key solution provider for the project, CIMC Enric supplied specialised marine LNG fuel tanks and delivered TEMAS Group’s 5 MMSCFD skid-mounted LNG liquefaction plant.

“Together, these solutions create an integrated LNG value chain covering liquefaction, storage and transportation, and marine fuel utilisation,” the company said. 

“For Indonesia’s archipelagic shipping market, where natural gas pipeline infrastructure is limited and the construction of large-scale LNG bunkering terminals can be challenging, this model offers a flexible alternative.” 

By combining skid-mounted LNG liquefaction plants with standardised LNG fuel tanks, CIMC Enric’s virtual pipeline solution enables LNG to be produced, transported, stored, and supplied to vessels independently and flexibly—reducing the need for extensive modifications to existing bunkering infrastructure.

“The successful operation of Digul Mas marked an important milestone in the application of CIMC Enric’s virtual pipeline solution in overseas marine transportation, while demonstrating a practical and replicable pathway for the low-carbon transformation of maritime shipping in Indonesia and Southeast Asia,” the company added. 

 

Photo credit: CIMC Enric
Published: 1 September, 2026

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Biofuel

Singapore Shipping Association releases latest edition of biofuel bunkering FAQ

Focus of the document is on FAME-based liquid biofuels and blends as this type of biofuel is expected to become most widely adopted by the shipping industry.
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September 1, 2026

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Singapore Shipping Association releases latest edition of biofuel bunkering FAQ

The Singapore Shipping Association (SSA) recently released its latest edition of frequently asked questions (FAQ) on the bunkering of biofuels for ocean-going vessels in the Port of Singapore. 

This update covers the latest technical, commercial, test and regulatory guidance of biofuel bunkering and onboard use of marine biofuels. 

The focus of the document is on FAME-based liquid biofuels and blends as this type of biofuel is expected to become most widely adopted by the shipping industry. Other non-FAME-based biofuels have also been addressed where relevant.

It also covers commercial considerations, including biofuel supply and availability, market outlook, pricing, sustainability documentation, government incentives, and the commercial supply chain for biofuels in Singapore.

“This publication is relevant to technical, marine, operations, sustainability and compliance personnel of ship owners and operators,” SSA said in a social media post.

“The FAQ is intended to be only for informational purposes and is not exhaustive.”

Note: SSA’s ‘FAQ on Bunkering of Biofuels for Ocean-Going Vessels in the Port of Singapore’ can be read here. 

 

Photo credit: Singapore Shipping Association
Published: 1 September, 2026

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