Asia prepares for a green future!

Asia prepares for a green future!

Hello, and Happy New Year!

In January, the Maritime and Port Authority of Singapore (MPA) released the port’s bunker sales volume for 2022. Some interesting statistics to note: there was a 6.2% increase in bunker sales volume for HSFO; a 6.2% dip for MGO; and 140,000 tonnes of biofuels blends were delivered in the Port of Singapore in over 90 operations.

Various factors affect the demand for the different types of fuels including the Russia-Ukraine war and more vessels fitted with scrubbers coming into the market. We are seeing demand for biofuel blends as the industry begins to transition to a more sustainable and greener future. With the launch of a provisional national standard on marine biofuel specifications (WA 2:2022) in Singapore, we can expect an uptake in demand for biofuels blends. 

We are also seeing other ports in Asia preparing to support the industry in achieving the IMO’s GHG Strategy – China successfully completed its first ship-to-ship transfer between the LNG bunker vessel Xin Ao Pu Tuo Hao, and a container ship in Shenzhen.  

IBIA Asia Dinner

IBIA Asia is pleased to announce that we will once again be organising our IBIA Asia Dinner after a three-year hiatus. To be held in conjunction with the Singapore Maritime Week (SMW), the IBIA Asia Dinner will take place at the PARKROYAL Collection Marina Bay on 26 April 2023. Further details including booking and sponsorship opportunities will be shared soon.

Engagement is key as we head towards our greener future. It has been six months since I took on the role of Regional Manager, Asia for IBIA. Over the past few months, I have taken the opportunity to meet some of you, our members, to introduce myself and more importantly, to understand how IBIA can support, and work together with you in this region. I will continue to engage with our members, as well as relevant stakeholders and organisations throughout the year.

Siti Noraini Zaini
Regional Manager, IBIA Asi
T: +65 6472 0916

The above is the IBIA Asia report for the Q1, 2023 issue of World Bunkering, the official magazine of IBIA.

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