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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.

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Sing Fuels 10th anniversary

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:

  1. 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.
  2. 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%.
  3. 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.
  4. 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.

Related: Sing Fuels Chief Operating Officer relocates to Dubai; targets expansion
Related: Sing Fuels: Prime’s Bunkers acquisition marks beginning of growing global independent brokerage partners
Related: Sing Fuels expands into lubricants market with Sing Lubes business unit

 

Photo credit: Sing Fuels
Published: 11 October, 2022

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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