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MPA: Singapore retains position as world’s largest bunkering hub

02 Feb 2023

The Maritime and Port Authority of Singapore (MPA) on Wednesday (1 February) said Singapore has retained its position as the world’s largest transshipment port and bunkering hub and recorded its second-highest ever container throughput.

It said it has continued to perform well in 2022 despite facing external headwinds. 

“Our International Maritime Centre has done well too. Total business spending by shipping companies exceeded SGD 4.3 billion, and we saw more than 30 companies established or expanded their operations here,” it said in a social media post. 

“We also made progress in supplying alternative fuels to support decarbonisation. A total of 47.2 million tonnes of bunker sales was registered in 2022 of which 140,000 tonnes were biofuel blends.”

Manifold Times previously reported that while total volume declined by 4.3% year-on-year in Singapore, bunker sales in 2022 included about 140,000 tonnes of biofuel blends over more than 90 biofuel bunkering operations, surpassing the 16,000 tonnes in Liquefied Natural Gas (LNG) bunker sales.

Mr Chee Hong Tat, Senior Minister of State for Finance and Transport said Singapore remained a favoured location for bunkers and has made progress in supplying alternative fuels, such as biofuels, to support maritime decarbonisation. 

Related: Singapore bunker volume down by 4.3% on year but biofuel sales surpasses LNG

 

Photo credit: Manifold Times / Maritime and Port Authority of Singapore
Published: 2 February, 2023

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