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Exclusive: Estimated annual sales volume for Singapore top bunker suppliers

Marine fuel suppliers believed the introduction of MFM technology for bunkering has given them a competitive edge over other ports in the region.

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A survey conducted by Singapore marine fuels publication Manifold Times with various industry and company sources estimated the annual bunker sales volume for the republic’s top 10 Singapore bunker suppliers in 2018:
 

Position Bunker Supplier Volume in 2018*
1 Ocean Bunkering Services (Pte) Ltd > 8 million mt
2 PetroChina International (S) Pte Ltd > 4 million mt
3 Sentek Marine & Trading Pte Ltd Unavailable
4 Equatorial Marine Fuel Management Services Pte Ltd 3.5 million mt
5 Shell Eastern Trading (Pte) Ltd Unavailable
6 Total Marine Fuels Pte Ltd 2.7 million mt
7 ExxonMobil Asia Pacific Pte ltd Unavailable
8 Toyota Tsusho Petroleum Pte Ltd 1.8 million mt
9 Maersk Oil Trading Singapore Pte Ltd Unavailable
10 BP Singapore Pte Limited 1.68 million mt

*all volumes estimated from Manifold Times market sources

Overall, the Maritime and Port Authority of Singapore (MPA) accredited marine fuel suppliers believed the introduction of mass flowmeter (MFM) technology for bunkering has given them, and Singapore port, a competitive edge over other ports in the region.

One such supplier was Maersk Oil Trading Singapore which saw most improvement in rankings by rising 18 places from 2017 to be the 9th largest bunker supplier by volume at Singapore in 2018.

The company in January installed the world’s largest bunker MFM unit, the Endress and Hauser Promass X MFM, onboard the Hong Lam Marine-owned high sulphur fuel oil barge MT Eager.

“As a shipowner ourselves, we know that providing superior service and quality in the bunker operation is what customers want in addition to a competitive price,” Peter Beekhuis, Head of Trading – EOS Desk at Maersk Oil Trading, told Manifold Times.

“This means the barge arrives on time, pumps fast and the quality can be relied upon. In the end, this gives the lowest cost of ownership.”

Moving forward, a second installation of the Endress and Hauser Promass X unit is being planned on another Hong Lam bunkering tanker.

Frederic Vazzoler, the Global Sales and Development Director, Marketing and Services, at Total Marine Fuels, attributed the company’s improved position (from 10th place in 2017 to 6th in 2018) to the group’s efforts, in addition to MFMs implementation and customer’s orientation.

“This number was an achievement of many years focus on efforts on continuous improvement projects aimed at offering a higher level of service and satisfaction to our valued customers,” he said.

“The logistic was key and the barge fleet used was really fit for purpose in terms of lot sizes and high safety standards.

“Moreover, as an integrated group we were able to provide different ranges of products such as HFO RMK, RMG and marine gasoil and manage in a good way the turnover of our storages.

“Even if Singapore’s bunker price stayed really competitive; our Bunker Trading & Operation teams have been able to answer to customer demands thanks to long term relationships and shared trust with many of them.

“Now, we see that MFM’s implementation is the only way to follow in order to restore a fair-trade bunker market and prove that oil majors still have an important role to play in the global bunker market.”

In summary, industry veteran Simon Neo believed 2018 to be a good year for the Singapore bunker market.

“2018 was technically a good year for the Singapore bunkering industry,” he says while acknowledging the slight dip of approximately 800,000 mt (-1.6%) from last year’s bunker sales volume.

“We could have seen another year of increase if not because of the quality issues that came out around mid-year for a few months and initial complications from the trade war between China and the U.S.

“Everybody expected the Singapore bunker sales volume to go down drastically but it didn’t.

“MFMs have given us the edge in competition, especially around the region of Asia, where Singapore bunker suppliers have improved in trust from shipowners for quantity.

“Going forward, Singapore will need to address the fuel contamination scare issue and gain back the trust of its customers for quality.”

Related: Maersk Oil Trading installs world’s largest bunkering MFM
Related: Maersk record breaking MFM ‘sets new ops standard’ for bunkering
Related: MPA list reveals top bunker suppliers at Singapore port in 2018

Photo credit: Manifold Times
Published: 29 January, 2019

 

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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