The quarterly performance of Singapore’s bunkering and ship chandlers sector has fallen on year, according to data compiled by the Department of Statistics (DOS).
The data, presented as the Wholesale Trade Index (WTI) to measure the performance of the whole sale trade industry, tracks changes within the republic’s foreign and domestic sectors.
The foreign WTI, which measures wholesale sales outside Singapore, showed performance of the bunkering and ship chandlers sector down by 5.2% on year during the first quarter (Q1) of 2018; the similar sector was down 8.4% when compared to a quarter on quarter basis.
The domestic WTI, which records wholesale sales within Singapore, recorded a 5.2% decrease in the republic’s bunkering and ship chandlers sector on year in Q1 2018; when compared to the earlier quarter the sector posted a marginal fall of 0.8%.
Data used for the compilation of the WTI are obtained from the quarterly Wholesale Trade Survey conducted by DOS, as well as from administrative sources.
Photo credit: Manifold Times
Published: 22 May, 2018
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.