There are currently 55 licenced bunker suppliers in Singapore. File Image / Pixabay
A new physical bunker supplier, CNC Petroleum Pte Ltd (CNC Petroleum), has entered the Singapore bunker market.
CNC Petroleum is listed by the Maritime and Port Authority of Singapore (MPA) as an MGO only bunker supplier effective November 1, 2017.
Ship & Bunker understands the move is an expansion of the company's existing business supplying diesel and other petroleum products by truck to various non-maritime sectors in Singapore, and the supplier is currently delivering MGO in Penjuru Jetty.
Following last week's exit of Transocean Oil Pte Ltd (Transocean Oil), CNC Petroleum's entry into the market means the number of licensed bunker suppliers in Singapore remains at 55.
Singapore is the world's biggest bunker market by volume, with a record 48.6 million metric tonnes (mt) sold in 2016.