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EXCLUSIVE: Singapore top bunker suppliers reveal monthly sales volume

The majority of Singapore’s top ten suppliers shared with Manifold Times their estimated monthly sales volumes during 2017.

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Singapore bunker sales volume surpassed the 50 million metric tonne (mt) mark in 2017; the first year mass flowmeters (MFM) was officially adopted for all fuel oil bunkering operations.

The total volume of bunkers sold at the port of Singapore grew 4.2% to 50.6 million mt in 2017, compared to 48.6 million mt in 2016.

A survey conducted by Manifold Times with various company sources revealed the estimated monthly bunker sales volume for the various top 10 Singapore bunker suppliers in 2017 below:

  1. Sentek Marine & Trading – 330,000 to 350,000 metric tonne (mt)
  2. Petrochina International – 300,000 mt
  3. Chemoil International – 290,000 mt
  4. Shell Eastern Trading – No data
  5. Equatorial Marine Fuel Management Services – 230,000 mt
  6. Exxonmobil Asia Pacific – No data
  7. BP Singapore – No data
  8. Ocean Bunkering Services – 160,000 mt
  9. **Global Energy Trading – 250,000 mt (total sales, including Singapore deliveries)
  10. **Total Marine Fuels – 220,000 mt

**Figures double checked with respective firms

Overall, market sentiments believe the introduction of MFM technology in Singapore as the key reason for the increase.

“The growth in volume is a sign owners and bunker buyers welcome the implementation of the MFM,” says Simon Neo, Executive Director at Singapore-based bunker broking firm Piroj International.

“MFM technology provides shipowners and buyers with the confidence which the bunker market needs. Also with the tight regulation of the MPA (Maritime and Port Authority of Singapore), players cannot play around with the quantity delivered which was a key complaint for many years prior to 2017.”

Desmond Chong, general manager of Singapore supplier Sinanju Tankers Holdings, suggests the growth in Singapore bunker sales volumes to be “A vote of confidence from shipowners and bunker buyers placed on MFM systems and the exemplary regulatory framework governing the bunker industry.”

“It is often claimed that MFM systems brings about increased transparency and efficiency to the Singapore bunkering industry and now the statistics prove so. This is clear evidence MFM bunkering is preferable over the traditional tank gauging and the right direction for the world’s largest bunkering port to embark on,” he explains.

Favourable cargo movement and developments at Asia further add onto the positive benefits MFM technology bring to the market, notes Frederic Vazzoler, the global sales and development director at Total Marine Fuels.

“The use of MFM systems in bunkering and the transparency the technology brings are pull factors to get vessels bunkering in Singapore,” he says.

“However, the increased arbitrage cargo movement to Asia has also resulted in more bunker product at Singapore; shipowners’ appetite for lifting fuel at the republic has also increased due to more intra-Asia business developments.”

In short, the success of MFM bunkering in Singapore should also be credited to the application of TR48 (Technical Reference for Bunker Mass Flow Metering), says the Managing Director of MFM consultancy Metcore International.

“TR48 provides the platform of a more concise system for marine fuel measurement, metering, and monitoring operations,” explains Darrick Pang.

“TR48 is more than just measurement alone as it also covers areas such as security of measurement to provide the trust and confidence [for bunkering operations]. The next step will be to provide continual monitoring and maintenance of the MFM systems which is just as important as the good start we have had. 

“In view of Singapore's stellar bunker sales performance, I would not be surprised to see more ports globally introducing MFM systems and applying a similar TR48 infrastructure to their bunkering operations going forward.”

Manifold Times earlier reported Singapore-based independent international ship management firm Thome Group registering no bunker quantity dispute case in Singapore during 2017.
 

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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