Green fuel sales surge at Singapore

Despite this, alternative fuels still accounted for just over 2% of the total marine fuel volumes sold. In total, Singapore, the world’s largest bunkering port, sold 54.92 million tonnes of marine fuels last year, a 6% increase from 2023.

The country also maintained its position as the world’s largest container transshipment hub, handling 41.2 million twenty-foot equivalent units (TEU) in 2024, up from 39.01 million TEU the previous year.

“We registered strong growth to achieve record highs, despite geopolitical conflicts and strained global supply chains,” said Murali Pillai, Minister of State for Law and Transport.

Key growth areas in alternative fuels include biofuels, which rose by 68.5% to 883,000 tonnes, and LNG, which skyrocketed by nearly 319% to 464,000 tonnes. Other emerging fuels such as methanol and ammonia also saw early traction.

“Bunkering of methanol is now available commercially and we conducted the world’s first use of ammonia in combination with diesel as a marine fuel in the Port of Singapore,” said the minister.

To support this transition, the Maritime and Port Authority of Singapore, alongside 51 industry partners, launched the Maritime Energy Training Facility in April 2024, aimed at equipping maritime workers with the necessary skills to handle these alternative fuels safely.

Additionally, Singapore is progressing on green and digital shipping corridors, including the successful pilot of liquefied bio-methane bunkering in the Singapore-Rotterdam corridor.

“We established new GDSCs with Australia and Shandong, China in 2024, and are working to establish more partnerships in 2025,” said Pillai.