Singapore - PetroChina’s Singapore bunkering unit moved up a notch to be the top marine fuel supplier in the world’s biggest ship refuelling hub in 2019, official data showed, as the overall number of suppliers fell for a sixth year in a row.
Singapore-based Sentek Marine & Trading Pte Ltd climbed one spot to second, behind PetroChina International Singapore Pte Ltd, while Singapore’s Ocean Bunkering Services Pte Ltd, fell two places to third.
Tough market conditions and a crackdown by authorities on industry malpractice cut the number of licensed bunker suppliers to 45 from 51 a year earlier, the latest data here from the Maritime and Port Authority (MPA) of Singapore showed.
The biggest leaps up the MPA’s ranking included Plamstone Tankers & Trading Pte Ltd, which rose to 13th place from 34th place a year ago, while Glencore Singapore jumped 14 places to to 7th spot.
Hong Lam Marine Pte Ltd marked the biggest drop, falling to 37th place in 2019 from 17th in 2018.
Brightoil Petroleum Pte Ltd fell 16 places to 44th, while Exxonmobil Asia Pacific Pte Ltd fell 15 spots to 22nd.
Singapore’s overall bunkering sales volumes in 2019 fell 5%, down for a second year in the face of increased regional competition. The city state accounts about 20% of global bunkering sales.