BP Still the Biggest Seller of Bunker Fuel in Singapore in 2010

Platts, Jan 10, 2011
Oil major BP held on to the top spot of Singapore's list of bunker suppliers by volume for the eighth consecutive year in 2010, data posted on the republic's Maritime and Port Authority website Monday shows, despite losing its team of bunker and fuel oil cargo traders earlier in the year.

ExxonMobil and South Korea's SK Energy had also maintained their 2009 position, coming in after BP with the second and third largest volume sold in 2010. Aegean Bunkering took the fourth spot in 2010, while independent bunker supplier Global Energy slipped to the fifth from the fourth spot last year.

Meanwhile, global bunker supplier Chemoil was the sixth biggest seller of bunker fuel in Singapore in 2010, improving from its ninth position in 2009.

European trader Glencore, which has a 51.54% stake in Chemoil through Singfuel Investment, maintained its position as the 15th biggest seller of bunker fuel.

MPA does not reveal the actual volume sold by each company but Singapore, the biggest bunkering port in the world in terms of sales, sold a record 40.9 million mt of bunker fuel in 2010. This is 12.3% higher compared with the 36.4 million mt of bunker fuel it sold in 2009. Read more