Equatorial Marine Fuel Management Services was the largest bunker supplier in Singapore last year, overtaking Chinese state-controlled PetroChina that took the top spot in 2021.
17 January 2023
It was the first time that Equatorial has been the largest supplier, according to Maritime and Port Authority (MPA) data, with sales reaching 4mn-5mn t.
Trafigura-backed TFG Marine took third position, rising by two spots. Vitol Bunkers was fourth with Shell Eastern Trading fifth.
There are now 42 licensed bunker suppliers in Singapore, down from 73 in 2012, as competition in the port has tightened significantly since the introduction of mass flow meters in 2017. The MPA only issued one new supply licence last year, to Sinopec Fuel Oil.
Glencore Singapore fell by seven places to 13th, after its licence was suspended for two months in the wake of a high-sulphur fuel oil bunker contamination crisis hitting the port during the first quarter of 2022.
Singapore bunker sales for 2022 totalled 47.88mn t, down by 4.2pc from a year earlier, because of weaker global bunker demand and increasing regional competition.
By Sammy Six
Photo credit and source: Argus Media
Published: 18 January, 2023
China’s bonded bunker fuel sales slipped to about 1.59 mln mt in May, down 1.1% from April, mainly due to tightening supply at certain ports, JLC data shows.
Alliance expected to invest over SGD 20 million into various sustainability efforts over next ten years to build next-generation of Singapore’s maritime ecosystem.
Vitol Bunkers customers will be offered opportunity to cancel emissions associated with any given cargo through the overlay of Verified Emissions Reductions.
Jiangnan Shipbuilding positioned the CMA CGM vessel’s 2,200 mt engine and other components in record time with five large cranes and an approximate hundred smaller units.
“M/V Paroship” will increase the number of the scrubber-fitted vessels in company’s fleet to nine, enhancing its cash-flow generating capacity, says top firm official.
In total, 4.26 million metric tonnes of various bunker fuels were sold at the republic in November, more than 4.07 million mt recorded during November 2019.
KPI OC seeking to recover debt of USD 805,602.15 over five bunker deliveries, not including accrued interest of about USD 363,000 since 15 September, showed court documents obtained by Manifold Times.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
