The Maritime and Port Authority of Singapore will issue licences to supply methanol as marine fuel in the Port of Singapore from 1 January 2026, following the Call for Applications launched in March 2025.
This marks an important step toward establishing methanol bunkering at scale and driving Singapore’s ambition to become a sustainable multi-fuel bunkering hub.
Licences will be awarded to Global Energy Trading, Golden Island, and PetroChina International.
The three companies were selected from a total of 13 applicants through a comprehensive evaluation process that assessed supply chain reliability, operational readiness, safety systems, and the sustainability certification of the methanol to be supplied. The strong interest reflects the sector’s growing focus on lower-emission marine fuels.
The licences will be valid for a five-year period, from 1 January 2026 to 31 December 2030, subject to successful applicants meeting relevant licensing conditions.
The five-year period supports the early development of methanol bunkering by providing licensees sufficient scope to build capabilities, strengthen supply chains, and anchor initial investments as the market develops.
