Singapore’s bunker market has formed a new industry association, Association of Bunker Industry (Singapore) (ABIS), to improve and address the needs of the industry.
The Singapore-driven mass flow metering system (MFMS) is gaining wider acceptance, with ExxonMobil introducing its second independently accredited MFMS in Hong Kong onboard the bunker vessel, Anelly, the company said in a press release.
China’s state-owned bunker supplier Chimbusco has enhanced its bunkering operations with the voluntary use of mass flow meters (MFM) technology to deliver more accurate fuel volumes and reduce bunkering time.
The IMarEST UAE Branch’s first technical meeting recently discussed the challenges of measuring the quantity and quality of bunkers delivered and the use of mass flow meters.
Singapore has launched the technical reference standard for bunker mass flow metering on Tuesday, about 11 months ahead of the mandatory use of the fuel measuring device for bunkering operations in Singapore port from 1 January 2017.
Singapore is making progress towards the mandatory use of mass flow meters (MFM) to measure bunker fuel as more local bunker tankers are installed with the system, reports said.
Oil major ExxonMobil has introduced a first independently accredited mass flow metering system (MFMS) in Hong Kong, following a successful introduction of the system in Singapore.
Singapore’s bunker sales volumes are projected to increase substantially with the use of mass flow meters during bunkering operations from 2017, but not before volumes dip in the short term.
The Singapore authorities are planning and rolling out a few key initiatives for its bunkering market, pushing to be a first mover in order to stay ahead of global competition, however, some local players have started to voice their concerns.