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
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
Maersk, CMA CGM, BP and Stena Bulk give insights on availability of the three potential bunker fuel types, their plans, transition from fuel oil and LNG to alt fuels, how important sustainable marine fuels are to shipowners and more.