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Singapore: Bunker fuel sales increase by 1.1% on year in May

4.12 million mt (exact 4,115,500 mt) of various marine fuels were sold at the world’s largest bunkering port in May, lower than 4.07 million mt recorded in May 2021, show MPA data.

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Port performance bunker sales singapore may 2022

Marine fuels sales at Singapore port increased by 1.1% on year during May 2022, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.12 million metric tonnes (mt) (exact 4,115,500 mt) of various bunker grades were sold at the world’s largest bunkering port in May, lower than 4.07 million mt (4,071,807 mt) recorded during May 2021.

Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in May (against on year) were respectively 72,300 mt (+111.4% from 34,200 mt), 999,900 mt (+5.2% from 950,400 mt), and zero (versus zero).

Low sulphur variants of 500 cSt, 380 cSt and 180 cSt products in May (against on year) recorded respectively no sales, 1.996 million mt (+0.1% from 1.994 million), 103,300 mt (-52.2% from 216,100 mt).

Low sulphur 100 cSt recorded sales of 540,200 mt (-4.7% from 566,500 mt) and ULSFO had no sales in May.

Low Sulphur marine gas oil (LS MGO) sales were posted at 375,800 mt (+33.7% from 281,100 mt) and MGO at 5,800 mt (-80.7% from 30,000 mt).

Earlier Singapore bunker volumes in 2022 can be found below:

Related: Singapore: January bunker sales volume down 10.4% on year, show MPA data
Related: Bunker fuel sales at Singapore fell 15% on year in February 2022
Related: Singapore: Marine fuel sales continue downward trend, falls 10.2% on year in March
Related: Singapore: Marine fuel sales continue downturn trend, down 12.1% on year in April

A complete series of articles on Singapore bunker volumes by Manifold Times in 2021 can be found below:

Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2021
Related: Singapore: Bunker fuel sales marginally down 2.6% on year in December 2021
Related: Singapore: Marine fuel sales decrease 1.0% on year in November, show MPA data
Related: Singapore: Bunker sales volume increase by 2.5% on year in October
Related: Singapore: Bunker sales volume down 6.7% on year in September
Related: Singapore: Bunker sales volume down 2.3% on year in August, show MPA data
Related: Singapore: Bunker fuel sales volume down 2.3% on year in July, show MPA data
Related: Singapore: Bunker sales volume rose 7.3% in June on year, show MPA port data
Related: Singapore: Marine fuel sales rose by 3.7% on year during May, show MPA data
Related: Singapore: Bunker fuel sales up 3.5% on year during April, show MPA data
Related: Singapore: Bunker fuel sales volume dip by 2.8% in year in March
Related: Singapore: Bunker fuel sales volume rose by 6.2% on year in February
Related: Singapore: Bunker fuel sales dip by 0.25% in January; low sulphur fuels decline in volume

 

Photo credit: Maritime and Port Authority of Singapore
Published: 13 June, 2022

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Milestone

China: Xiamen port records 16.37% jump in bunker sales volume in 1H2025

Total of 416 international ships, an increase of 6.12% on year, received marine fuel in bunkering operations during the same period.

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Xiamen port bunkering

The Port of Xiamen recorded bonded bunkering volume of 274,500 metric tonnes (mt) in the first half (1H) of 2025, representing a jump of 16.37% on year, reported Xiamen Daily on Thursday (10 July).

A total 416 international ships, an increase of 6.12% on year, received marine fuel in bunkering operations during the same period.

The report noted Xiamen Port to be increasing bunker players while optimising its bonded marine fuel supply chain system in recent years.

Before February 2025, there were only two bonded bunker fuel suppliers with national licenses operating at Xiamen Port.

The port welcomed Xiamen Kunlun Fuel Oil [厦门昆仑燃料油] as a new marine fuel supplier on 1 February; the company was awarded the first Xiamen local license by both Xiamen Customs and the local government.

Followingly, Xiamen Kunlun Fuel Oil performed its first bonded bunkering operation at Xiamen port on 26 February.

Xiamen Port earlier launched a pilot programme called “two warehouse functions superposition” which combines the functions of both bonded oil storage warehouse and export supervision warehouse into one unit.

Using just a single oil storage tank allows bunker fuel suppliers at Xiamen to save on renting tanks, reduce time spent on tank unloading, improve utilisation rates, and shorten bunker delivery times.

Related: PetroChina subsidiary wins first bonded bunkering licence in Xiamen

 

Photo credit: Xiamen Port Authority, China
Published: 11 July 2025

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Newbuilding

China: Steel cutting ceremony for methanol bunkering tanker “Lucia Cosulich” held

A steel cutting ceremony was held for the 7,999 DWT IMO Type 2 chemical bunker tanker at Taizhou Maple Leaf Shipyard, China.

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Lucia Cosulich

Fratelli Cosulich Marine Energy on Wednesday (9 July) announced the steel cutting ceremony of Lucia Cosulich, a 7,999 DWT IMO Type 2 chemical bunker tanker – the second vessel in a series of four – at Taizhou Maple Leaf Shipyard, China.

“This milestone marks another bold step in our Marine Energy business unit’s commitment to clean fuel readiness and operational excellence,” said the company.

The vessel will be fully methanol-ready, capable of carrying, burning, and bunkering methanol safely and efficiently, with full regulatory compliance standards.

It will feature an integrated Nitrogen Generator System, ensuring safe and inert tank operations at all times. Equipped with advanced safety systems specifically engineered for low-flashpoint fuel handling, the vessel sets a new benchmark in future fuel readiness.

A complete methanol bunkering setup will come as standard, including the Quick Connect/Disconnect Couplings (QCDC), dedicated transfer lines and comprehensive monitoring and control systems to ensure efficient and secure fuel handling.

“Built on state-of-the-art architecture, she is designed not only to meet but to exceed the evolving demands of tomorrow’s energy supply chain,” noted the firm.

Lucia Cosulich embodies our vision to lead the transition within the maritime fuel landscape.”

 

Photo credit: Fratelli Cosulich
Published: 11 July 2025

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Financial Result

Glander International Bunkering reports EBT of USD 22 million for FY2025

‘This fiscal year, we focused on staying close to our clients, while adapting to a fast-changing market,’ says CEO Carsten Ladekjær.

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Glander Result 2024 2025 MT

Global bunker trading and energy solutions provider Glander International Bunkering on Thursday (10 July) posted financial results for the year ended on April 30, 2025 – reflecting stable performance amid ongoing changes in global maritime and regulations.

The company reports a turnover of USD 3 billion and earnings before tax (EBT) of USD 22 million, including a non-recurring item.

“These results demonstrate consistent performance compared to the previous fiscal year, as the company continues to focus on conventional fuels, new fuels, risk management and extensive global reach,” CFO David Varghese comments.

Navigating change in maritime

Throughout the 2024-25 fiscal year, the bunker industry faced critical challenges including the escalation of the US-China trade conflict, ongoing Red Sea and Suez Canal security risks, and the first full-year impact of the EU Emissions Trading System (EU ETS) for maritime shipping.

Compliance with IMO CII measures and the uptake of new fuel products also influenced bunker demand patterns and pricing strategies.

“This fiscal year, we focused on staying close to our clients, while adapting to a fast-changing market,” says CEO Carsten Ladekjær. “In a time of uncertainty and transformation, we focused on staying agile, supporting customers with conventional fuels, and laying the groundwork for new fuel solutions.”

New fuels and other key achievements

Glander International Bunkering made significant progress in 2024-25: completing bioLNG deliveries, expanding biofuel supply, and launching a compliance calculator to help customers navigate FuelEU Maritime. Compared to the previous fiscal year, the company achieved a 71% increase in biofuel volume and 85% increase in LNG volume, along with the sale of nearly 100,000 EUAs.

Other achievements throughout the year include the renewal of its ISCC certifications, membership in the Smart Freight Centre, and Great Place to Work certification for the 7th consecutive year.

Looking ahead, Ladekjær says, “We will do what we have always done since 1961– adapt to new changes and be there for our clients.” He added that Glander International Bunkering is prepared for the next phase of change in global shipping, as decarbonisation, regulatory expansion and geopolitical developments continue to shape the bunker fuel market.

 

Photo credit: Glander International Bunkering
Published: 11 July 2025

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