World's Largest Bunker Hub

The Island Country of Singapore, situated off the southern coast of the Malay Peninsula, is the world’s largest bunker hub, a position it has maintained by offering an array of fuel solutions, including LNG, constantly enhancing bunkering services, and recently moving towards digital bunkering.

The Port of Singapore is the world’s first facility to implement electronic bunker delivery notes and mandate digital bunkering services for all marine fuel suppliers.

This has been possible due to several factors, one of which is its strategic geographical location along the Malacca Strait which witnesses the passage of many ships. Another is the port’s infrastructure which is advanced and automated to support smooth operations.

The Maritime and Port Authority of Singapore has played a vital role in promoting and regulating the bunkering industry, as it has worked closely with the industry stakeholders to enhance and improve the standards.

Not only digital bunkering, but Singapore also supports LNG bunkering, supporting the increasing demand for LNG as a marine fuel. It also offers biofuel bunkering and methanol bunkering.

The world’s largest bunker hub strives to promote sustainable bunkering practices and has taken several environmental initiatives in this regard.

It has been rigorously promoting LNG bunkering and other low-emission fuels to comply with the FuelEU Maritime and EU Emissions Trading System. Per reports, by 2030, Singapore is estimated to hold a 20% share of the global LNG market.

LNG bunker demand in Singapore is expected to touch 30 million metric tonnes by 2030. The port is expanding its LNG bunker fleet and streamlining agreements for LNG supply.

Though Singapore is a leader, other ports are also emerging as major players in bunkering, especially LNG supply. This includes Shanghai, which is Asia’s second-biggest bunkering port, which focusses on clean fuels like LSFO and LNG, Shenzhen in China and the Panama Canal.

Singapore Port has a deep harbour, and extensive shipyards and is a centre for the offshore sector in the Asia-Pacific. It has 7 free trade zones, 6 for sea-borne cargo and 1 for air-borne cargo, within which there are several warehouses and services to store and re-export dutiable and controlled cargo items.

There is free 72-hour storage for the import, and export of conventional and containerised cargo and 14 days of free storage for transhipment cargo.

Imports include chemicals, manufactured items, crude oil, steel and iron while exports include refined oil products, rubber, machinery, textiles, timber etc.

Approximately 186, 110 ships, 532, 210, 000 tonnes of cargo and 30,000,000 TEU are handled annually at the port.

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