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Singapore ports issues licenses for methanol supply as marine fuel

The Maritime and Port Authority of Singapore said that licences for the supply of methanol to be used as a marine oil in Singapore, the largest bunker port in the world, will begin on January 1, 2026.

The MPA stated that this is a major step in establishing methanol bunkering at a large scale, and driving Singapore’s ambition to become a sustainable multifuel bunkering center.

This move comes after a call for application launched in March of 2025.

Three bunker suppliers will receive the licenses: Global Energy Trading Golden Island and PetroChina International Singapore.

After assessing the reliability of their supply chains, operational readiness, security systems, and sustainability certifications for the methanol they were to supply, the companies selected out of 13 applicants.

MPA said that the licences would be valid from January 1, 2020 to December 31, 2030.

MPA said that this period will support the early development of bunkering methanol by giving licensees the opportunity to strengthen supply chains and anchor initial investment as the market develops.

The port authority will review its licensing framework in order to take into account operational experience, new technologies and changing international standards. (Reporting and editing by Ronojojo Mazumdar; Jeslyn Lerh)

(source: Reuters)