Singapore: King of the Marine Fueling World
A Robust Industry
Singapore has long been the undisputed champion of the marine fuel industry, dominating the market with its extensive bunkering services.
In July, the port saw an impressive surge in marine fuel sales, both year-over-year and month-over-month, fueled by an increase in bunker calls.
Diversification and Innovation
Beyond its traditional fueling offerings, Singapore is embracing diversification and innovation in the marine fuel sector.
FueLNG, a leading provider of ship-to-ship liquefied natural gas (LNG) bunkering, recently achieved a successful gas-up cool down operation for the Pacific Emerald.
This milestone marks FueLNG's commitment to providing environmentally friendly fuel alternatives to the shipping industry.
Soaring Sales
In June, marine fuel sales in Singapore experienced a significant annual increase, primarily driven by increased demand from ships diverting through the Red Sea.
Official data released in July revealed that bunker fuel sales climbed 85% in the first half of 2024, a clear indicator of the port's continued dominance and the resurgence of the global shipping industry.
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