Sing Fuels goes beyond Singapore and fuels
From its origins in bunker broking, the company has branched into other areas of the oil industry
A DECADE ago, two men took a chance and entered bunker broking – connecting ships with fuel suppliers – amid a downturn in the global shipping industry. Now, the company they founded has not only made a mark in the global bunker market, but is also exploring new territory.
Over the years, Sing Fuels has expanded into other areas of the oil industry – including cargo, base oil and energy trading – and broadened its suite of services to include ship chartering for dry bulk, tanker and gas shipping.
In its latest diversification move in September 2022, the company launched its own brand of lubricant with over 300 grades, aimed at the automotive and industrial sectors in emerging geographies in Africa, Asia and Latin America.
TRENDING NOW
LTA proposes combining car COE categories, adding rebate-surcharge system
StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
