The Port of Singapore has set a new record for bunker sales in the year 2023. As a global bunkering hub, the port has long been at the forefront of industry trends, The latest data, released by the MPA Singapore, not only underscores the port’s achievements but also reveals a groundbreaking milestone.
The figures indicate the highest monthly bunker sales for December 2023, reaching 5,050.65 (‘000 Tonnes). This outstanding performance for the month contributes significantly to the Port of Singapore’s historic yearly bunker sales volume, which totals 51,824 (‘000 Tonnes), setting a new standard in the maritime industry.
In the year 2023, the Port of Singapore experienced a robust year in bunker sales, marked by the consistent use of biofuels and LNG. demonstrated sustained popularity, underlining a commitment to eco-friendly bunkering operations. The steady adoption of LNG and biofuels throughout the year reflects a growing preference for cleaner and more sustainable fuel options, while the start of methanol signals an emerging interest in alternative fuels.
Bunker Sales Jan 2023 to Dec 2023 (‘000 Tonnes)
| Month | Total | MGO | LSMGO | Bio- LSMGO | MFO | Bio- MFO | LSFO | Bio- LSFO | LNG | Methanol |
|---|---|---|---|---|---|---|---|---|---|---|
| Jan | 4,378.33 | 10.8 | 313.7 | – | 1,251.1 | – | 2,774.1 | 27.2 | 1.4 | – |
| Feb | 3,796.92 | 6.2 | 297.0 | – | 1,142.7 | – | 2,320.0 | 29.4 | 1.6 | – |
| Mar | 4,178.95 | 14.7 | 315.5 | – | 1,268.0 | – | 2,548.7 | 28.4 | 3.7 | – |
| Apr | 4,258.75 | 15.3 | 312.2 | – | 1,218.4 | 1.3 | 2,669.3 | 37.0 | 5.2 | – |
| May | 4,525.33 | 27.5 | 312.9 | – | 1,445.2 | 0.5 | 2,697.6 | 34.6 | 7.1 | – |
| Jun | 3,932.91 | 12.0 | 271.5 | – | 1,237.5 | 1.0 | 2,358.8 | 34.3 | 17.9 | – |
| Jul | 4,517.54 | 22.3 | 287.6 | – | 1,484.0 | 0.5 | 2,665.2 | 39.4 | 18.3 | 0.3 |
| Aug | 4,254.08 | 8.1 | 274.5 | – | 1,393.0 | – | 2,510.4 | 52.6 | 15.6 | – |
| Sep | 4,263.58 | 20.4 | 265.0 | – | 1,472.7 | – | 2,454.9 | 43.0 | 7.7 | – |
| Oct | 4,401.54 | 35.7 | 297.8 | – | 1,451.2 | 2.3 | 2,521.7 | 76.8 | 16.1 | – |
| Nov | 4,265.46 | 25.8 | 288.3 | 0.2 | 1,542.4 | – | 2,344.3 | 57.3 | 7.2 | – |
| Dec* | 5,050.64 | 24.8 | 311.6 | – | 1,810.6 | – | 2,836.5 | 58.0 | 9.3 | – |
Yearly Bunker Sales 2013-2022
| Year | Total (‘000s Tonnes) |
|---|---|
| 2013 | 42,682.2 |
| 2014 | 42,416.8 |
| 2015 | 45,155.5 |
| 2016 | 48,614.5 |
| 2017 | 50,637.2 |
| 2018 | 49,798.8 |
| 2019 | 47,464.4 |
| 2020 | 49,833.1 |
| 2021 | 50,040.0 |
| 2022 | 47,896.7 |
| 2023* | 51,824.0 |
Note: *Figures are based on latest available data at the time of publishing and may be subject to revision at a later date.
Source MPA Singapore