The Maritime and Port Authority of Singapore (MPA) has announced that it will issue licences to Global Energy Trading Pte Ltd, Golden Island Pte Ltd, and PetroChina International (Singapore) Pte Ltd to supply methanol as marine fuel in the Port of Singapore starting 1 January 2026. This initiative follows a Call for Applications launched in March 2025 and aims to position Singapore as a sustainable multi-fuel bunkering hub.
The selection of these three companies, from a pool of 13 applicants, was based on a rigorous evaluation process. The criteria included supply chain reliability, operational readiness, safety systems, and the sustainability certification of the methanol to be supplied. The strong interest in the licences underscores the maritime sector’s increasing focus on lower-emission marine fuels.
The licences will be valid for a five-year period, from 1 January 2026 to 31 December 2030, allowing the licensees to develop capabilities, strengthen supply chains, and make initial investments as the methanol bunkering market evolves. This timeframe is designed to support the early development of methanol bunkering infrastructure and operations.
MPA has committed to continuously reviewing the licensing framework to ensure it remains aligned with global standards and responsive to technological advancements and operational experiences. This approach aims to maintain Singapore’s competitive edge as a leading maritime hub.
