The maritime industry has witnessed a significant shift towards sustainable practices, and Singapore, being a key bunkering hub, is at the forefront of embracing eco-friendly alternatives. Singapore Bunker sales of biofuel blends increased to 520,000 tonnes in 2023, which more than tripled from 140,000 tonnes in 2022. Biofuel blends of up to B30 are commercially available, while trials of up to B100 are on-going. The recently released 2023 rankings for bunker suppliers in Singapore, specifically for biofuels, highlight the leading players contributing to this green transition.
Leading Biofuel Bunker Suppliers in Singapore 2023
| Rank | Bunker Supplier |
|---|---|
| 1 | MAERSK OIL TRADING SINGAPORE PTE LTD |
| 2 | CHEVRON SINGAPORE PTE LTD |
| 3 | BP SINGAPORE PTE. LIMITED |
| 4 | VITOL BUNKERS (S) PTE. LTD. |
| 5 | MINERVA BUNKERING PTE LTD |
| 6 | TOTALENERGIES MARINE FUELS PTE LTD |
| 7 | SHELL EASTERN TRADING (PTE) LTD |
| 8 | TFG MARINE PTE LTD |
| 9 | EXXONMOBIL ASIA PACIFIC PTE LTD |
| 10 | CATHAY MARINE FUEL OIL TRADING PTE LTD |
| 11 | GLOBAL ENERGY TRADING PTE LTD |
| 12 | GOLDEN ISLAND DIESEL OIL TRADING PTE LTD |
| 13 | PETROCHINA INTERNATIONAL (S) PTE LTD |
| 14 | KENOIL MARINE SERVICES PTE LTD |
Maersk Oil Trading Singapore Pte Ltd. Leads the pack by securing the top position, Maersk Oil Trading Singapore Pte Ltd emerges as the frontrunner, showcasing its commitment to biofuel adoption and sustainable practices in the maritime sector.
The rankings reflect the active participation of major industry players, including Chevron Singapore Pte Ltd, BP Singapore Pte. Limited, and Vitol Bunkers (S) Pte. Ltd., showcasing a diversified market for biofuel supply.
With the majority of the listed companies being well-established global entities, the rankings underline a growing commitment within the industry towards adopting biofuels and reducing the carbon footprint of maritime activities.
The rankings reaffirm Singapore’s strategic significance in the bunkering sector, acting as a central hub for the distribution and trade of biofuels in the Asia-Pacific region.
As the maritime industry continues to navigate towards a more sustainable future, these rankings offer valuable insights into the companies driving the adoption of biofuels in Singapore, setting a precedent for the global shipping community.
Source MPA Singapore