Secure systems, trusted data and reliable digital services are becoming as important to maritime operations as physical infrastructure, said Mr David Foo, Deputy Chief Executive (Operations & Technology), Maritime and Port Authority of Singapore (MPA), on Thursday (10 September). 

In his opening keynote speech at APPEC 2026 Shipping And Bunker Conference, Foo said OCEANS-X, Digital Bunkering and the Maritime Digital Twin are enabling trusted data sharing, better operational planning and the testing of new digital solutions.

Foo said since 2025, digital bunkering has strengthened the efficiency and transparency of bunker operations. 

“We are now working with industry on the next phase, trialling capabilities to further strengthen the integrity and quality of bunker data shared between stakeholders and MPA.” he said.

He also said MPA is taking a forward-looking approach to the energy transition.

“Over the coming decades, we are likely to see the most diverse marine fuel mix in shipping’s history. There may not be a single fuel of the future.”

“Our role as a global bunkering hub is therefore not to determine which fuel will prevail. Our role is to ensure that whichever fuels the industry adopts, Singapore is ready – with the infrastructure, standards and operational capabilities to support them.”

Foo said MPA is making concrete progress across the major alternative fuel pathways with the issuance of methanol bunkering licences and the commencement of methanol bunkering operations. 

“For ammonia, we are developing the regulatory and operational frameworks needed to support future commercial deployment. We are also facilitating greater use of sustainable biofuels,” he said.

At the same time, MPA continues to expand its LNG bunkering ecosystem, with additional licences issued this year. 

“This will broaden supply options as more LNG-fuelled vessels enter the global fleet. We have also just updated our LNG standards, while maintaining the high standards of safety and reliability that underpin Singapore’s reputation as a trusted bunkering hub,” Foo added.

Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today
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Photo credit: Swapnil Bapat on Unsplash
Published: 10 September, 2026

Uni-Fuels Holdings Limited (Uni-Fuels), a global provider of marine fuel solutions headquartered in Singapore, on Wednesday (9 September) announced its unaudited interim financial results for the first half of 2026, ending on 30 June.

The company delivered record first-half financial results, achieving its highest first-half revenue, gross profit, income from operations, net income and EBITDA since its inception.

The company’s net income increased 1,415% to USD 1.4 million for the first half of 2026, compared to USD 0.1 million in the corresponding period of 2025.

Revenue increased 72% year-over-year to USD 197.1 million, from USD 114.6 million in the corresponding period of 2025 while gross profit also increased 158% year-over-year to USD 5.3 million, from USD 2.1 million in the corresponding period of 2025.

Gross profit margin expanded to 2.7% in the first half of 2026, from 1.8% in the corresponding period of 2025, representing a 50% improvement. 

For its 2026 outlook, the company is raising its full-year 2026 revenue guidance to a range of USD 340 million to USD 360 million, from its previous guidance range of USD 320 million to USD 340 million, reflecting stronger-than-expected first-half performance and continued commercial momentum.

Koh Kuan Hua, Chief Executive Officer of Uni-Fuels, said: “Our first-half 2026 results demonstrate the strength of our commercial execution and the agility of our business model.” 

“As geopolitical developments and market volatility continued to influence global oil markets, we remained focused on delivering reliable supply solutions and value-added services to our customers. 

“Our ability to respond quickly to changing market dynamics while maintaining disciplined execution contributed to significant improvements in revenue, profitability and operating performance. 

“We believe this momentum positions us well for the remainder of the year, as reflected in our increased full-year 2026 revenue guidance of USD 340 million to USD 360 million.”

Photo credit: Uni-Fuels
Published: 10 September, 2026

Marine fuels supplier Peninsula on Wednesday (9 September) confirmed that its bunker tanker Hercules Star was involved in an incident whilst at anchorage off Dubai.

“It is with deep sadness and regret that we confirm one fatality. Peninsula is in contact with their family and providing all the necessary support at this time,” the company said in a statement.

“In addition, one member of the crew is missing and a specialist team is working to locate them. All other crew members are accounted for.”

The company added it is working with all relevant parties to monitor developments.

“This is an ongoing incident and updates will be issued in due course when we have more details,” Peninsula added. 

According to a Reuters report citing preliminary assessments by maritime security sources, the vessel may have been struck by a drone.

The report also said the UK Maritime Trade Operations (UKMTO) received a report of a vessel listing while at anchor about 24 nautical miles off the UAE’s Port Rashid, with the condition “possibly indicating water ingress following an attack from an unknown projectile”.

Photo credit: Peninsula
Published: 10 September, 2026