Singapore Bunker Race: USD 22B Reshaped by Record 54.92 MT Sales and LNG Surge | Ken Research
Singapore Bunker Fuel Market Hits USD 22B on Record 54.92 MT Sales | Ken Research The defining shift in Singapore bunker fuel is not coming from routine VLSFO refuelling. It is coming from a record 54.92 million tonnes 2024 sales driven by Red Sea diversions, alongside LNG bunkering at 28.9% CAGR and TotalEnergies' B100 biofuel breakthrough. As per Ken Research market modelling, the Singapore Bunker Fuel Market is valued at USD 22 billion in 2024 , with VLSFO at 55.3% share . The complete supplier share, segment forecast, and fuel-mix forecasts are in the Singapore Bunker Fuel Market Report . This analysis draws on data from Ken Research market modelling, Maritime and Port Authority of Singapore (MPA) disclosures, eBDN mandatory digital records, and independent marine-fuel benchmarking. USD 22B Market with VLSFO at 55% Share and 54.92 MT Record Volume Anchor The structural anchor is global shipping demand combined with low-sulfur compliance. As tracked by Ken Research m...