Total’s Singapore team for Marine Fuels wins praise for successfully strengthening its position in the bunkering market, in a transitioning and challenging time for the industry
Blog Article - February 07, 2020
The latest results by The Maritime and Port Authority of Singapore (MPA), show our Total Marine Fuels Global Solutions (TMFGS) business has maintained its market position to rank 6th in the bunker suppliers ranking for 2019.
TMFGS is ranked as the 6th largest out of 45 supplier for the second year in a row, proving that the company have made significant headway from our previous positions, ranked 17th in 2016 and 10th in 2017.
The latest figures released by The Maritime and Port Authority of Singapore (MPA) illustrate Total’s commitment to Asia, and our drive to develop robust and reliable bunker supply solutions in Singapore – a core strategic hub for TMFGS’ operations.
In a changing and challenging market, along with a transitioning focus on sustainability and cleaner fuels for the shipping industry, TMFGS has maintained its share and adapted to new regulations by delivering its first Very Low Sulfur Oil stems.
TMFGS was also able to show that it is a trustworthy supplier focused on ensuring all its operations are safely operated and successfully delivered within the context of local, national and international rules and regulations.
TMFGS’s commitment for 2020 and beyond is to further its advice and guidance to all its customers, providing the best-in-class solutions to help industry significantly reduce the environmental footprint of maritime transport.
With its initiatives with Pavilion Energy Singapore to jointly develop an LNG bunker supply chain in the port of Singapore, which includes the shared long-term use of the 12,000-m³ GTT Mark III Flex membrane LNG bunker vessel (LNGBV) new build, TMFGS is set to continue to do great things in the years ahead.
The Singapore port dominates in the list of the most important ports globally for container throughput. In 2019, it hit an all-time high of 37.2 million twenty-foot equivalent units (TEUs), and registered bunker sale volumes in excess of 47 million tonnes. The Singapore Registry of Ships continues to rank amongst the top ship registries in the world, reflecting the region’s reputation as a quality flag of choice for international ship owners.