Glencore Singapore has slid down the league table of top bunker suppliers for 2022, figures from the city state’s maritime regulator show.
The company was the thirteenth largest supplier, down seven places from the fifth place it held in the previous year’s rankings.
Glencore Singapore was banned from selling bunkers for two months for its part in the sale of contaminated bunkers in Singapore.
The MPA suspend Glencore’s bunkering licence for two months from 18 August and ordered the company to “improve its internal procedures”.
Home-grown bunker supplier Equatorial Marine Fuel Management Services took the top spot as Singapore’s largest marine fuel supplier. The previous year it was in second place.
Last year’s top supplier PetroChina slipped one place to second. The company was also involved in last year’s contamination scandal, but escaped any punishment by the MPA.
TFG Marine, the bunker company founded by Trafigura and two John Fredriksen companies — Frontline and Golden Ocean — was in third, up two places from fifth in 2021.
The company, which was only founded in 2020, said its steady growth in one of the world’s most important and highly regulated bunkering hubs was a “testament to our commitment to providing our customers with a modern, high-quality and fully transparent marine fuel supply service”.
In a posting on LinkedIn, Golden Ocean chief executive Ulrik Andersen said the vision of TFG Marine was to create a “leading fuel supplier providing customers with competitively priced, high-quality, and fully transparent marine fuel supply services - along the world’s major shipping routes,”
“In just three years, TFG has become a force to be reckoned with, and this week the Maritime and Port Authorities of Singapore named TFG Marine as one of the three largest fuel suppliers in Singapore,” he said.
The top five places were rounded out by commodities giant Vitol in fourth and oil major Shell in fifth. Shell Eastern Trading was the top bunker supplier in Singapore in 2020.
Singapore remained a favoured location for bunkers last year and is said to have made progress in supplying alternative fuels, such as biofuels, to support maritime decarbonisation.
A total of 47.9m tonnes of bunker sales was registered in 2022, a year-on-year decline of 4.3%, according to the MPA.
However, the MPA said bunker sales in 2022 included about 140,000 tonnes of biofuel blends over more than ninety biofuel bunkering operations, surpassing the 16,000 tonnes in LNG bunker sales.
