The Maritime and Port Authority of Singapore (MPA) has awarded licences to three companies to supply methanol as marine fuel in the Port of Singapore from January 1, 2026.

Global Energy Trading Pte Ltd, Golden Island Pte Ltd, and PetroChina International (Singapore) Pte Ltd will be authorised to provide methanol bunkering services following a call for applications launched in March 2025.

The three companies were selected from 13 applicants through an evaluation process that assessed supply chain reliability, operational readiness, safety systems, and the sustainability certification of the methanol to be supplied, according to MPA.

The licences will be valid for five years, from January 1, 2026 to December 31, 2030, subject to licensees meeting relevant licensing conditions.

MPA said the five-year period is intended to support the early development of methanol bunkering by giving licensees scope to build capabilities, strengthen supply chains, and anchor initial investments as the market develops.

The authority stated it aims to establish methanol bunkering at scale and drive Singapore's ambition to be a multi-fuel bunkering hub.

MPA added that it will continue to review the licensing framework, incorporating operational experience, technological developments, and evolving international standards to ensure the framework remains demand-responsive and aligned with global standards and developments.