« Insights & News


Singapore annual bunker sales fall to lowest level since 2015

Volume declines for second successive year at Asian port.



Bunker sales in Singapore fell for the second successive year in 2019, according to port data. Image credit: Bunker Index. Source: MPA Singapore


Updated on 16 Jan 2020 11:10 GMT

The world's biggest port by bunker supply volume, Singapore, finished the year with sales of 4.466m tonnes in December - its best monthly figure for nearly two years (since January 2018).

However, despite the positive December numbers, overall volume for 2019 dipped year-on-year (YoY) by 2.335m tonnes, or 4.7 percent, to 47.464m tonnes, down from 49.799m tonnes in 2018, as Singapore recorded its lowest annual result since 2015.

It was also the first time since 2014 that bunker volume had fallen over two consecutive years, whilst 2019 was the sixth year since the turn of the century (and the fifth of the 2010s decade) to record an annual decline.

Sales of Singapore's best-selling fuel grade in 2019, 380 centistoke (cSt), decreased YoY by 5.781m tonnes, or 16.2 percent, to 29.942m tonnes ahead of IMO's 0.5 percent cap on fuel sulphur content, whilst 500 cSt volume dropped 3.492m tonnes, or 32.9 percent, to 7.127m tonnes.

In terms of IMO 2020-compliant distillate products, low-sulphur marine gas oil (LS MGO) recorded a YoY improvement of 1.551m tonnes, or 100.8 percent, to 3.090m tonnes in 2019.

Standard DMA-grade MGO sales, meanwhile, were up 45,200 tonnes, or 6.1 percent, to 792,000 tonnes.

Year Volume (MMT)
2019 47.464
2018 49.798
2017 50.636
2016 48.615
2015 45.155
Volume in million metric tonnes (MMT).





ExxonMobil completes trial of its first bio fuel oil

Residual 0.50% fuel to be available in select European ports later this year.

Historic first LNG bunkering of a foreign ship in US

Furetank vessel receives 225 tonnes of LNG in milestone Jacksonville delivery.

LNG the only viable fuel: SEA-LNG

Says pathway to decarbonisation has been demonstrated with LBM and LSM as drop-in fuels.

Island Petroleum extends coverage in Ashdod

Now also offering in-port and anchorage deliveries at Israeli port.

Gasum performs first truck-to-ship LNG delivery in Germany

'Several projects' lined up in Belgium, Germany, Netherlands and Poland.

GP Global undertakes financial restructuring

Seeks asset investment to overcome 'tight cash position'.

Bunker Holding posts best-ever annual result

Declares itself 'world's leading bunkering company' with pre-tax profit of $155.2m.

Glander International Bunkering posts 73% profit rise

Pre-tax earnings up to $27.3m as CEO warns of industry consolidation following Covid-19.

Glander International Bunkering adds Canden Marine Fuel Services to global network

Quebec firm to operate as Glander International Bunkering (Montreal) Ltd from June 1.

Hydrogen and ammonia the best long-term fuel options, say owners

Nearly 60% of shipowners surveyed see hydrogen and ammonia as the most attractive future fuels.


Related Links:

·  Southernpec's supplier licence revoked in Singapore [Insights]

·  Singapore [Directory]

·  Singapore [Directory]