(EnergyAsia, February 13, 2017, Monday) — Helped by increased shipping traffic, Singapore said its sale of bunker fuel surged by nearly 7.7% to a record 48.61 million tonnes last year from 45.16 million tonnes in 2015.
Marine fuel oil of 380 centistoke (CST) viscosity accounted for nearly three quarters of the fuel sold while the cheaper heavier 500 CST grade was the next most popular with more than 9.8 million tonnes traded. Combined, these two accounted for more than 94% of the bunker fuel sold in Singapore. The most expensive fuel oil bunker, 180 CST, was also the least popular, with just 562,300 tonnes sold.
According to the Maritime and Port Authority of Singapore (MPA), the port’s cargo throughput rose by more than 3% to a record 593.3 million tonnes while the combined weight of vessels arriving in the Southeast Asian country grew by 6.4% to 2.66 billion tonnes. Both were all-time high figures.
Commenting on the performance, MPA chief executive Andrew Tan said Singapore’s maritime sector will face another tough year ahead after overcoming 2016’s tough conditions brought on by depressed rates and excess capacity.
“The maritime industry will not only have to navigate through new geopolitical uncertainties and changes in alliance structures, but also new international regulations that will come into effect this year.”
Singapore aims to boost its role as the world’s leading bunkering port with its plans to offer liquefied natural gas (LNG) as a shipping fuel.
The MPA and state-owned Singapore LNG Corporation Pte Ltd (SLNG) are jointly developing an interim truck loading facility to help deliver LNG fuel to ships. The facility will also serve other industries that require small volumes of LNG to be transported over land.
The MPA is also leading an industry-wide effort to develop technical standards for the safe and efficient operations of LNG bunker operations in Singapore.
To encourage harbour craft to use LNG as bunker fuel in place of fuel oil and diesel, the MPA has announced that owners and operators of such vessels registered between October 1 2017 and December 31 2019 will be exempt from paying five years of port dues. The companies will also be granted an additional 10% port dues concession under the Green Port Programme that rewards operators for using cleaner-burning LNG over fuel oil and diesel.
|Year||Vessel arrival, billion gross tons||Container throughput million TEUs||Cargo throughput,
|Bunker sales, million tonnes|