Singapore Bunker Supplier Count Falls to 45

by Ship & Bunker News Team
Thursday January 16, 2020

The number of licensed bunker suppliers in Singapore has fallen for the second time in as many months.

The one-time top-ten player Costank (S) Pte Ltd (Costank) is the latest firm to drop off the official list of licensed suppliers as published by the Maritime and Port Authority of Singapore (MPA).

For 2018, Costank ranked as the port's 16th largest supplier by volume, down from 11th in the previous year having been ranked as high as 10th for 2013.

There has been no official comment made on the departure by Costank or MPA.

Historically, MPA has only noted the departure of bunker suppliers in cases where it has cancelled licences.

The exit means the world's biggest bunkering port by volume starts the IMO 2020 era with 45 licenced bunker suppliers, 10 fewer than a year ago having started 2019 with 55 licenced bunker suppliers.

While it still has substantially more active players than other bunkering ports, the number of suppliers in Singapore has been trending down for several years.

MPA had 80 suppliers on its ranking list for 2010.