Business

Singapore: Sing Fuels celebrates 10th-Year Anniversary

With incredible teamwork and the will to succeed, Sing Fuels grew from a Singapore-based bunker trading company into a global energy trading company.

Published

2 years ago

October 11, 2022

Admin

Global energy firm Sing Fuels Pte. Ltd. (Sing Fuels) on Monday (10 October) announced it had achieved a major milestone – 10 years of successful business operations. It shared the following message with the industry in recognition of the occasion:

Sing Fuels was founded in 2012 when there was a down¬turn in the global shipping industry and the bunker market was adversely affected. Spotting an opportunity to fill the service gap in the industry, the two founders of Sing Fuels set up the business and strengthened the company’s foundations. With incredible teamwork and the will to succeed, Sing Fuels grew from a Singapore-based bunker trading company into a global energy trading company.

Some of the significant highlights in the past decade include:

The company has grown at a steady pace in the last 10 years, with offices in 5 countries across the globe. In 2021, Sing Fuels Co-Founder and COO relocated to Dubai to expand Sing Fuels’ presence in the United Arab Emirates, further solidifying its momentum in the Middle Eastern market, while it also established a partnership with a Greek company to set up Sing Fuels Pte Ltd (Hellas) in 2022.
The Sing Fuels team grew from a 2-people team to having 60+ team members within the decade. The biggest growth period was from 2019 to 2022. Despite being in a global pandemic, it did not stop Sing Fuels from attracting top talents looking to join a world-class company and the headcount increased by 132%.
Sing Fuels started as a bunker trading company, and this remains the brick-and-mortar business. In line with the vision of becoming an energy trading company, Sing Fuels expanded into specialized bunker segments including cargo and base oil trading. In 2022, the company launched its flagship lubricants business unit, Sing Lubes. Sing Lubes brings Sing Fuels’ dependability to redefine engine and machine performance. Its comprehensive range of products includes over 300 grades of lubricants for automotive, industrial and marine uses. These premium products are compatible with multiple categories of industrial engines, and with both on and off-highway vehicles like cars, motorcycles and trucks.
Sing Fuels is honoured to receive several prestigious awards and recognitions. Some of these include being selected as a winner of the Enterprise 50 award, with Sing Fuels achieving the recognition for 4 consecutive years from 2018 to 2021. The company is also recognised as Singapore’s fastest-growing company in 2021, ranked as Asia-Pacific High-Growth Companies in 2021 and received the Business Eminence Award in 2019.

The last 10 years had been wonderful, and Sing Fuels is ready to embark on its second decade of business.

The Sing Fuels team would like to thank their partners and employees for their never-ending support. Without them, Sing Fuels would not have achieved this 10-year milestone.

Photo credit: Sing Fuels
Published: 11 October, 2022

Alternative Fuels

Argus Green Marine Fuels Asia eBook released ahead of February bunker conference

eBook features interviews with Microsoft, JERA, IBIA, Anglo American, Sumitomo Corporation, Hafnia, BHP, Global Maritime Forum, DS NORDEN, ADNOC Group, and Standard Chartered Bank.

Published

2 days ago

January 17, 2025

Admin

Argus Media organises Green Marine Fuels Asia Conference in Singapore

Independent global energy and commodity market intelligence provider Argus Media recently published an eBook as part of a prelude leading towards the Argus Green Marine Fuels Asia Conference on 18 to 19 February in Singapore.

The Pre-conference content: Argus marine fuels Asia eBook features exclusive industry interviews with Microsoft, JERA, IBIA, Anglo American, Sumitomo Corporation, Hafnia, BHP, Global Maritime Forum, DS NORDEN, ADNOC Group, and Standard Chartered Bank.

It offers a peek into their thoughts on infrastructure readiness, the marine fuels shipowners are gravitating towards, LNG decarbonisation pathways, collaboration across the marine fuels value chain, and more.

The eBook is available for download through the image below:

The Argus Green Marine Fuels Asia Conference will be held at PARKROYAL COLLECTION Marina Bay, 6 Raffles Boulevard, Singapore 039594 on 18 to 19 February in Singapore.

Key speakers for the event include Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime and Port Authority of Singapore (MPA); Torben Nørgaard, Chief Technology Officer - Energy & Fuels, Maersk Mc-Kinney Moller Center; Jerid Soo, Assistant General Manager (Global Sustainability and ESG), Pacific International Lines; Kazuki Yamaguchi, General Manager and Head, Maritime Energy Solution, Energy Transformation Business Group, Sumitomo Corporation; and Mahua Chakravarty, Editor, Marine Fuels (Asia), Argus.

Photo credit: Argus Media
Published: 17 January, 2024

Bunker Fuel

TFG Marine, OOMCO form bunker fuel joint venture to supply in Oman ports

TFG-OOMCO will deliver bunker fuels to vessels visiting Oman’s ports of Duqm, Muscat and Sohar and offer customers a reliable and transparent bunkering provider in the Arabian Gulf.

Published

2 days ago

January 17, 2025

Admin

TFG Marine, OOMCO form bunker fuel joint venture to supply in Oman ports

TFG Marine, the international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean on Thursday (16 January) said it has established a bunker fuel joint venture with Oman Oil Marketing Company (OOMCO) to supply vessels visiting Oman’s ports of Duqm, Muscat and Sohar.

TFG-OOMCO LLC, incorporated in Oman, will combine the local knowledge of OOMCO with the international footprint, sourcing of all grades of marine fuels, infrastructure and logistics capability of TFG Marine, to offer customers a reliable and transparent bunkering provider in the Arabian Gulf.

Tarik Al Junaidi, CEO of Oman Oil Marketing Company, said: “This partnership aligns with Oman Oil Marketing Company’s efforts to develop the maritime transport and shipping infrastructure in Oman, which is in alignment with the objectives Oman Vision 2040.”

“It underscores our commitment to meeting the increasing demand of compliant, high-quality marine grades of fuel while adhering to the highest international health, safety, and environmental standards.”

“Through our partnership with TFG Marine, the adoption of cutting-edge technologies and the implementation of global best practices in fuel bunkering, we strive to lead towards excellence and sustainability in the bunker fuel business in the Sultanate’s ports.”

Mark Russell, Chief Commercial Officer, TFG Marine, said: “This is TFG Marine’s first venture in the Middle East and we look forward to serving our customers in this region. Oman has a rich history as a maritime nation and is well located close to the main shipping routes connecting the Arabian Gulf and the Indian subcontinent with the rest of the world.”

The announcement follows the signing of an MOU agreement between SOHAR Port and Freezone and TFG Marine, to establish an international bunker fuel supply operation.

TFG Marine has already deployed bunker vessel Margherita Cosulich to the region to supply vessels at SOHAR’s deep-sea port. The vessel is fitted with a Mass Flow Meter (MFM), calibrated to the ISO 22192 international standard as required by SOHAR Port. SOHAR Port in February 2024 announced a mandate on the alignment of ISO 22192 standards ‘Bunkering of marine fuel using the Coriolis MFM system’ for all marine fuel supply operations within the port.

TFG Marine added it has long been an advocate of the global adoption of calibrated MFMs to bring much-needed transparency to bunkering and encouraging digitalisation in the long-term interests of the bunker industry and helping to further the decarbonisation goals of the shipping industry.

Photo credit: TFG Marine
Published: 17 January, 2025

Biofuel

Burando Energies delivers B30 bio bunker fuel to tug “MV Bylgia” in Rotterdam

Firm said it successfully delivered ISCC-certified B30 biofuel blend, derived from renewable feedstocks, to Heerema’s Anchor Handling Tug “MV Bylgia” at Port of Rotterdam.

Published

2 days ago

January 17, 2025

Admin

Burando Energies delivers B30 bio bunker fuel to tug “MV Bylgia” in Rotterdam

Burando Energies on Thursday (16 January) announced it successfully delivered ISCC-certified biofuel to Heerema’s Anchor Handling Tug MV Bylgia at the Port of Rotterdam.

The delivered B30 biofuel blend, derived from renewable feedstocks, will help reduce carbon emissions by an estimated 25% (well-to-wake)—an impactful move in Heerema’s ongoing commitment to sustainability.

“This delivery not only reflects our commitment to offering sustainable energy solutions but also strengthens our partnership with Heerema in their green ambitions,” said Duncan Huisman, Sustainable Bunker Trader at Burando Energies.

“We are proud to contribute to initiatives that prioritise the well-being of our planet and future generations.”

Burando Energies said it will continue to focus on innovation and sustainability, striving to provide energy solutions that drive both environmental progress and business success.

Photo credit: Burando Energies
Published: 17 January, 2025