Global energy firm, Sing Fuels Pte. Ltd. (“Sing Fuels”) today announced that it had achieved a major milestone – 10 years of successful business operation
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 2 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.
Media & Press Release Sing Fuels