Singapore Reports Sales of 1m Tonnes of Alternative Fuels in 2024

The world’s largest bunkering port, Singapore, has reported that sales of alternative fuels crossed the 1 million tonnes mark for the first time in 2024. 

In a statement, the Port of Singapore reported that a total of 1.34 million tonnes of alternative fuels were sold over the course of last year representing a year-on-year doubling of sales. 

Of these sales, 0.88 million tonnes was for biofuels - an increase on the 0.52 million tonnes sold in 2023. LNG sales also increased year-on-year, reaching a total of 0.46 million tonnes compared to 0.11 million tonnes the year prior. 

Other alternative fuels sold during 2024 included methanol of which 1,626 tonnes was sold. Ammonia was also bunkered at the port, with 9.74 million tonnes sold in 2024. 

These sales follow the port releasing an expression of interest in December 2024 ‘to explore scalable solutions for sea-based LNG reloading to complement the existing onshore LNG bunkering storage and jetty capacities and support the supply of e-/bio methane as marine fuel in Singapore’. 

Whilst the demand for alternative fuels is clearly growing, demand for traditional bunker fuels remains robust, with sales hitting a new high of 54.92 million tonnes in 2024. This represents a 6.0% year-on-year increase. 

According to the Port of Singapore, this increase in demand for bunker fuels was ‘partly due to the extended Asia-Europe shipping routes via the Cape of Good Hope given the disruptions in the Red Sea’.

In fact, such was the volume of sales that Singapore not only retained its title as the world’s largest bunkering port, but ended up supplying over a sixth of the total fuel used by global shipping last year. 

Despite traditional bunker fuels being the mainstay of Singapore’s fuel sales, the port is certainly leading the way when it comes to alternative fuels. 2024 saw the port working in collaboration with Fortescue to conduct the world’s first use of ammonia as a marine fuel onboard the Singapore-flagged Fortescue Green Pioneer. 

Need support with a maritime fuel issue? 

Whether you’re dealing with a bunker fuel quality or quantity dispute, or you require advice on the implementation of new alternative fuels, Brookes Bell can help. 

Our team of dedicated fuel and fuel cargo experts has decades of experience helping people like you solve their fuel-related issues. 

Find out more about Brookes Bell’s fuel and fuel cargo consultancy services now

For more maritime industry insights, news and information, read the Brookes Bell News and Knowledge Hub…

What Is Bunker Fuel? A Complete Guide | Fuel Conversions Will Require More Shipyard Capacity | NYK to Conduct Long-Term Trials of Biofuels