Maersk Oil Trading tops Singapore's biofuel sales in 2023
The Maritime and Port Authority of Singapore (MPA) has listed bunker supplier Maersk Oil Trading as Singapore’s biggest biofuel bunker supplier by volume in 2023.
PHOTO: Container cargo freight ship with working crane bridge in shipyard in Singapore. Getty Images
Maersk Oil Trading surpassed Chevron to secure the top spot, while BP maintained its third position, according to the annual official ranking published by the MPA.
Total sales of bio-blended bunkers in Singapore in 2023 were 524,000 mt, more than three times the amount sold in 2022.
The MPA does not publish the exact bunker fuel volumes sold by individual companies.
Vitol Bunkers and TotalEnergies lost their second and fourth positions to fall into fourth and sixth place, respectively. ExxonMobil dropped from fifth to ninth – the biggest decline among the top 10 biofuel bunker suppliers of 2023.
Shell Eastern Trading, TFG Marine, Cathay Marine Fuel, Golden Island and PetroChina were the new entrants to Singapore's biofuel bunker market last year. These companies were ranked seventh, eighth, 10th, 12th, and 13th on the list of 14 biofuel suppliers. Meanwhile, Toyota Tsusho lost its position and could not make it to the list.
By Tuhin Roy
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