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Singapore bunker sales surpass 50 million mt milestone

12 Jan 2018

Singapore bunker sales volume ended 2017 by surpassing the 50 million metric tonne (mt) mark, show Maritime and Port Authority of Singapore (MPA) data.

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

Sales of marine fuel at the port in December 2017 was recorded at 4.3 million mt, an increase from 3.9 million mt sold during the similar month in 2016.

The port authority released the overall bunkering figures on Friday during the launch of the Sea Transport Industry Transformation Map (ITM) at the annual Singapore Maritime Foundation new year cocktail reception.

Developed by MPA in partnership with the industry, unions and other government agencies, the Sea Transport ITM builds on MPA’s strategic long term plans to develop Singapore’s next-generation port while strengthening its international maritime centre (IMC).

Specific initiatives have been laid out under the Sea Transport ITM to catalyse innovation, drive productivity improvements, as well as enhance the skills of the maritime workforce.

The aim is to grow the sector’s value-add by S$4.5 billion ($3.39 million) and create more than 5,000 good jobs by 2025.

Published: 12 January, 2018

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