Record Refuelling Despite Hormuz: Why Singapore Keeps Winning Bunker Demand in 2026
/ Insights / Articles / Record Refuelling Despite Hormuz: Why Singapore Keeps Winning Bunker Demand in 2026

Record Refuelling Despite Hormuz: Why Singapore Keeps Winning Bunker Demand in 2026

Published on: Oct 19, 2026 | Author: Marketing & Communications

Singapore’s bunkering pull in 2026 is best explained by one word: reliability. Middle East disruptions have forced schedule changes, and Singapore sits at the intersection of the Asia-Europe, transpacific and intra-Asian shipping routes. That positioning helped lift vessel arrivals even when trade patterns became less predictable. In August 2026, 11,631 vessels arrived in Singapore, up 4% year on year, even as ships adjusted to conflict-linked disruption around the Strait of Hormuz and wider regional instability. Ships called for many reasons, including cargo, supplies, repairs and refuelling, keeping Singapore in the decision set even when bunker volumes were uneven.

The bunker market itself has been volatile. Singapore supplied about 57 million tonnes of marine fuel in 2025, and another source puts 2025 total bunker sales at 56.2 million mt, a 3.2% increase on the previous record. Early 2026 continued with strong momentum in some months, with February sales reaching 4.61 million mt, up 12% year on year. But as the conflict escalated after February 28, the market shifted from price focus to access concerns. By April, Singapore bunker sales fell 8.7% month on month to 4.4 million mt, followed by May easing to 4.5 million mt, showing that more ship calls do not automatically translate into more fuel lifted.

Why Volumes Can Fall Even When Ship Calls Rise

Higher prices and operating tactics explain part of the mismatch. In August 2026, bunker fuel sales in Singapore fell by 4% even as vessel arrivals rose by 4%, with reporting linking the dip partly to ships conserving fuel amid high oil prices and longer routes. Another report also pointed to slower container shipping speeds, often called slow steaming, as a factor that can reduce refuelling volumes. In April, 3,438 vessels that called in Singapore specified bunkering as the main purpose, but many other ships still used the port for cargo transfer, repairs, supplies, or crew needs, meaning bunkering demand can shift without the overall flow of ships collapsing.

Arrivals up, sales down
Arrivals up, sales down

Even as supply fears eased, bunker prices remained elevated, which keeps Singapore central but also makes buying decisions harder. In Singapore, very-low-sulphur fuel oil (VLSFO) was assessed at about $908 per metric ton in mid-September, with marine gasoil (MGO) at $1,448 per ton and high-sulphur fuel oil around $770 per ton. Another pricing snapshot put Singapore VLSFO at approximately $825 per tonne on September 1. Industry comments also said outright prices of VLSFO in Singapore were up more than 60% versus pre-war levels, underscoring why shipowners may delay purchases or reduce stem sizes even when they keep calling at Singapore.

Read also Slipping to Third: What Ningbo-zhoushan’s Shock Rise Means for Singapore’s Port Future in 2026

Singapore’s advantage also reflects what is happening elsewhere. In Fujairah, a major refuelling hub in the United Arab Emirates that serves vessels transiting the Strait of Hormuz and the Indian Ocean, bunker activity was estimated to have recovered to about 40% of pre-war levels. That gap helps explain why Singapore bunkering has been described as steady since the war started, even without a simple one-for-one substitution from Gulf ports. Meanwhile, some traffic still transits Hormuz: industry comments cited approximately 10 to 15 daily transits both ways for commodity vessels via the Omani corridor. With routes disrupted but not fully closed, many operators keep Singapore as the dependable place to load fuel when access matters most—shaping the narrative around a Singapore bunker sales record in 2026 without implying every month is a new high.

What do people mean by the Singapore bunker sales record 2026 story?

It refers to how Singapore built on record 2025 bunker volumes, with sources citing about 57 million tonnes (or 56.2 million mt) in 2025, while 2026 showed both strong months and pullbacks as the Hormuz-linked disruption reshaped buying behavior.

Did Singapore get more vessel arrivals in 2026?

Yes. In August 2026, 11,631 vessels arrived in Singapore, a 4% year-on-year increase, linked in part to Middle East route disruptions and Singapore’s strategic location.

Why did bunker sales fall even when more ships arrived?

In August 2026, bunker sales fell by 4% despite higher arrivals, with reporting linking it to ships conserving fuel amid high oil prices and longer routes. Slower steaming was also cited as a contributor to reduced refuelling.

Are bunker fuel supplies still tight in Singapore?

Industry comments said the earlier crunch seen in March and April had abated at major hubs and operators no longer faced problems sourcing and loading bunkers. But other reporting noted Singapore residual fuel-oil stocks were about 20.36 million barrels in the week to September 9, suggesting availability could still feel constrained even as the initial squeeze eased.

How does Fujairah’s recovery affect Singapore bunkering decisions?

Fujairah bunkering activity was estimated at about 40% of pre-war levels, keeping the Middle East hub below normal. That supports Singapore’s role as a dependable refuelling option on rerouted voyages, even if diversions are not a one-for-one replacement.

Unlock the potential of your business in dynamic markets with our expert consulting services.

With over 40 years of excellence, we deliver innovative solutions tailored to your needs.

Contact Us Today
Download Whitepaper

/ Contact Us

Speak to advisors with experience in the Singapore market

 

Address

600 North Bridge Rd
#13-06 Parkview Square
Singapore 188778

  • No results found

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.