The Maritime and Port Authority of Singapore (MPA) will issue licenses to supply methanol as a marine fuel in the Port of Singapore starting January 1, 2026, following the call for applications launched in March 2025.
This marks an important step towards establishing large-scale methanol fuel supply and advances Singapore’s ambition to be a sustainable multi-fuel bunkering hub.
Licenses will be granted to Global Energy Trading Pte Ltd, Golden Island Pte Ltd and PetroChina International (Singapore) Pte Ltd. The three companies were selected from a total of 13 applicants through an evaluation process that assessed supply chain reliability, operational availability, safety systems and the sustainability certification of the methanol to be supplied.
The licenses will be valid for five years, from January 1, 2026 to December 31, 2030, provided the selected applicants meet the relevant conditions. This five-year period supports the early development of methanol fuel supply, giving licensees enough leeway to develop capabilities, strengthen supply chains and consolidate initial investments as the market develops.
