Bunker Fuel Market in Singapore Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Bunker Fuel Companies in Singapore and it is segmented by Fuel Type (High Sulfur Fuel Oil (HSFO), Very Low Sulfur Fuel Oil (VLSFO), Marine Gas Oil (MGO), Liquefied Natural Gas (LNG), and Others (Methanol, LPG, Biodiesel), and Vessel Type (Containers, Tankers, General Cargo, Bulk Container, and Others).

Bunker Fuel Market in Singapore Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Singapore Bunker Fuel Market Size

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Singapore Bunker Fuel Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 14.00 %

Major Players

Singapore Bunker Fuel Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Singapore Bunker Fuel Market Analysis

The Singapore Bunker Fuel Market is expected to register a CAGR of greater than 14% during the forecast period.

  • The Very Low Sulfur Fuel Oil (VLSFO) is expected to witness significant growth in the market during the forecast period, owing to factors like the IMO 2020 Regulations that came into effect from January 1st, 2020.
  • Developing sea trade routes and rising international maritime trade may offer tremendous opportunities for marine fuel suppliers in the region.
  • Singapore is likely to witness a surge in the bunker fuel market owing to IMO 2020 Regulations and recovery in maritime trade.

Singapore Bunker Fuel Industry Overview

The Singapore bunker fuel market is moderately fragmented. Some of the major players in this market include Petrochina International, Sentek Marine & Trading Pte Ltd, Ocean Bunkering Services, Equatorial Marine Fuel Management Services, Shell Eastern Trading (Pte) Ltd, and Total Marine Fuels Pte Ltd.

Singapore Bunker Fuel Market Leaders

  1. Petrochina International

  2. Sentek Marine & Trading Pte Ltd

  3. Ocean Bunkering Services (Pte) Ltd

  4. Equatorial Marine Fuel Management Services Pte. Ltd.

  5. Shell Eastern Trading (Pte) Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Fuel Market - Market Concentration.png
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Singapore Bunker Fuel Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, until 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Market Dynamics
    • 4.4.1 Drivers
    • 4.4.2 Restraints
  • 4.5 Supply Chain Analysis
  • 4.6 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 High Sulfur Fuel Oil (HSFO)
    • 5.1.2 Very Low Sulfur Fuel Oil (VLSFO)
    • 5.1.3 Marine Gas Oil (MGO)
    • 5.1.4 Liquefied Natural Gas (LNG)
    • 5.1.5 Others (Methanol, LPG, Biodiesel)
  • 5.2 Vessel Type
    • 5.2.1 Containers
    • 5.2.2 Tankers
    • 5.2.3 General Cargo
    • 5.2.4 Bulk Container
    • 5.2.5 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Petrochina International
    • 6.3.2 Sentek Marine & Trading Pte Ltd
    • 6.3.3 Ocean Bunkering Services
    • 6.3.4 Equatorial Marine Fuel Management Services
    • 6.3.5 Shell Eastern Trading (Pte) Ltd
    • 6.3.6 Total Marine Fuels Pte Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Singapore Bunker Fuel Industry Segmentation

The Singapore bunker fuel market report includes:

Type High Sulfur Fuel Oil (HSFO)
Very Low Sulfur Fuel Oil (VLSFO)
Marine Gas Oil (MGO)
Liquefied Natural Gas (LNG)
Others (Methanol, LPG, Biodiesel)
Vessel Type Containers
Tankers
General Cargo
Bulk Container
Others
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Singapore Bunker Fuel Market Research FAQs

What is the current Singapore Bunker Fuel Market size?

The Singapore Bunker Fuel Market is projected to register a CAGR of greater than 14% during the forecast period (2025-2030)

Who are the key players in Singapore Bunker Fuel Market?

Petrochina International, Sentek Marine & Trading Pte Ltd, Ocean Bunkering Services (Pte) Ltd, Equatorial Marine Fuel Management Services Pte. Ltd. and Shell Eastern Trading (Pte) Ltd are the major companies operating in the Singapore Bunker Fuel Market.

What years does this Singapore Bunker Fuel Market cover?

The report covers the Singapore Bunker Fuel Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Bunker Fuel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bunker Fuel in Singapore Industry Report

Statistics for the 2025 Singapore Bunker Fuel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Bunker Fuel analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.