Sing Fuels
Sing Fuels is a Singapore-founded global marine fuel trading company supplying VLSFO, MGO, HSFO and related commodities across 350+ ports to shipowners, charterers, traders, lubricant manufacturers, and oil and gas operators.
- Company typePrivate
- Founded2012
- HeadquartersSingapore, Singapore
- Headcount—
- GTM typeB2B
- OfferingServices
What Sing Fuels does
Sing Fuels Pte. Ltd. is a Singapore-headquartered global energy and marine fuel trading company founded in 2012 by Vikash Dhanuka, operating across 350+ ports worldwide with offices in Singapore, Dubai, India, the UK and the US. The company's core business is physical supply and delivery of marine bunker fuels (VLSFO, MGO, HSFO) to shipowners, charterers, operators and commodity traders, supplemented by cargo trading in crude oil, fuel oil, gas oil, LPG, bitumen and naphtha, base oil supply (Groups I-III), offshore fuel solutions for oil and gas operators, and risk management services including hedging and forward pricing. Operations are supported by proprietary trading and logistics systems, Singapore Standard bunker mass flow metering compliance (SS648:2019, SS600:2023), and ISCC certification for biofuels with full proof of sustainability.
The company earns revenue through transactional sales of physical commodities priced per metric tonne in USD, with revenue streams across marine fuels, cargo trading, base oils, bio and sustainable fuels, offshore solutions, and risk management services. Go-to-market is enterprise direct sales through a 24/7 global operations team that coordinates bunker deliveries, cargo trades, and supplier logistics. The customer base spans shipping companies (primary), lubricant manufacturers, oil and gas operators, and trading houses, with no public pricing tiers and transaction-based billing set out in Sales Order Confirmations. Growth has been driven by geographic expansion (Dubai 2021, India 2024), product diversification (Sing Lube 2022, Sustainability Desk 2023, Sing Fuels 3.0 in 2024), and a January 2025 US$10M lead investment in 129Knots to extend into trade finance infrastructure. The company is privately held, founder-owned, and has received eight consecutive Enterprise 50 awards (2018-2025) and three consecutive Singapore Business Times Fastest Growing Companies recognitions (2020-2023).
Sing Fuels firmographics
Firmographics- Name
- Sing Fuels
- Legal name
- Sing Fuels Pte. Ltd.
- Website
- https://singfuels.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Short description
- Sing Fuels is a Singapore-founded global marine fuel trading company supplying VLSFO, MGO, HSFO and related commodities across 350+ ports to shipowners, charterers, traders, lubricant manufacturers, and oil and gas operators.
- Ownership category
- akta.pro rank
Sing Fuels industry classification
Industry- Product category
- Marine Fuel Trading and Bunkering Services
- NAICS
- Petroleum Bulk Stations and Terminals (424710), Petroleum and Coal Products Manufacturing (324)
- SIC
- Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)
- akta.pro primary industry
- Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)
- akta.pro secondary industries
- Marine Bunkering & Port Fuel Supply (EUALAIAG), Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC), Fuel Blending & Additives Services (Blend Optimization, Compatibility) (TLAHAKAI)
Keywords
Where Sing Fuels is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
Sing Fuels business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Marine Fuels/Bunkering: Physical supply and delivery of marine fuels across major global ports and anchorages. Revenue generated through sale of various fuel grades including VLSFO (≤0.5% sulfur), MGO, and HSFO to shipping companies.
- Cargo Trading: Trading of fuel cargoes including crude oil, fuel oil, gas oil, light cycle oil, gasoline blends, LPG, bitumen, mix aromatics, and naphtha. Both spot cargoes and long-term offtake arrangements.
- Base Oil Supply: Supply of Group I, II, and III base oils to lubricant manufacturers and industrial users. Includes long-term contracts and flexible logistics.
- Bio & Sustainable Fuels: Sustainable fuel solutions including biofuels, carbon credits, and emissions reduction strategies. Revenue from carbon management trading and sustainable fuel supply.
- Offshore Fuel Solutions: End-to-end offshore fuel solutions for oil and gas industry including offshore rigs and support vessels. Specialized logistics for remote and high-intensity environments.
- Risk Management Services: Structured risk management solutions including hedging strategies, forward pricing, and market advisory services for commodity price volatility management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based pricing for marine fuels |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Sing Fuels product offering
Product offeringCore offering
Sing Fuels physically supplies marine fuels (VLSFO, MGO, HSFO) and provides bunkering services across 350+ global ports to shipowners, charterers, operators, and traders. The company also trades petroleum cargoes (crude, fuel oil, gas oil, naphtha, bitumen, LPG), supplies Group I-III base oils to lubricant manufacturers, and delivers bio and sustainable fuel solutions alongside offshore fueling and risk management services.
Product overview
Sing Fuels is Singapore's largest homegrown global bunkering brand operating a multi-product energy portfolio. The company offers marine fuels (core bunkering across 350+ ports), bio and sustainable fuels, base oils (Groups I-III), cargo trading (crude, fuel oil, gas oil, LPG, bitumen), risk management solutions, offshore fuel solutions, and new fuels (LNG, methanol, ammonia, biofuels). The portfolio also includes Sing Lubes (lubricants). The services are built on trust, deep market intelligence, and operational agility, with the Sing Fuels 3.0 initiative focusing on sustainability-led digital transformation.
Differentiator
Problem solved
Functional benefit
Brands
- Sing Lube: Lubricants business unit launched in 2022 to diversify product offerings beyond marine fuels
Products and services
- Marine Fuels Core bunkering service supplying high-quality marine fuels (VLSFO, MGO, HSFO) across major global ports and remote anchorages, with operations in over 350 ports and a trusted network of physical suppliers; serves shipowners, charterers, operators, and traders.
- Bio & Sustainable Fuels Portfolio of bio and low-carbon fuel solutions including drop-in biofuels, carbon management and trading, carbon credits, and MRV (Monitoring, Reporting & Verification) solutions for shipping decarbonization compliance.
- Base Oil Supply of Group I, II, and III base oils sourced from reputable refiners for lubricant manufacturers and industrial users worldwide, including long-term contracts and flexible logistics.
- Cargo Trading Comprehensive fuel cargo trading across physical and derivatives markets, including crude oil, fuel oil, gas oil, LPG, bitumen, naphtha, and other light oils; offers both spot cargoes and long-term offtake arrangements.
- Risk Management Structured risk management solutions including hedging strategies, forward pricing solutions, and market advisory services with robust internal models and real-time data analytics for navigating commodity market volatility.
- Offshore Fuel Solutions End-to-end offshore fuel solutions supporting oil and gas industry operations including offshore rigs and support vessels, with specialized logistics for remote and high-intensity environments.
- New Fuels Next-generation marine energy solutions covering biofuels, methanol, LNG, and ammonia with infrastructure development and strategic partnerships across 500+ ports in global network.
- Sing Lube Lubricants business unit (wholly-owned subsidiary) launched in 2022 to provide lubricants for maritime and industrial use, diversifying the company's product portfolio.
Companies that use Sing Fuels
Customer profileSegments4 records
Ideal customer profiles4 records
Sing Fuels technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Sing Fuels partnerships and signals
Strategic signalScale indicators5 records
Recent moves13 records
Expansion highlights6 records
Sing Fuels competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sing Fuels social profiles
Digital presenceSing Fuels compliance and trust
Trust signalCompliance4 records
Sing Fuels financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sing Fuels leadership team
Management profileNumber of profiles
Profiles9 records
Sing Fuels subsidiaries and ownership
Company hierarchySubsidiaries1 record
Sing Fuels funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sing Fuels M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sing Fuels
What does Sing Fuels do?
Sing Fuels physically supplies marine fuels (VLSFO, MGO, HSFO) and provides bunkering services across 350+ global ports to shipowners, charterers, operators, and traders. The company also trades petroleum cargoes (crude, fuel oil, gas oil, naphtha, bitumen, LPG), supplies Group I-III base oils to lubricant manufacturers, and delivers bio and sustainable fuel solutions alongside offshore fueling and risk management services.
Is Sing Fuels a public or private company?
Sing Fuels is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Sing Fuels founded?
Sing Fuels was founded in 2012.
Where is Sing Fuels based?
Sing Fuels is headquartered in Singapore, Singapore, in the Asia region.
How does Sing Fuels make money?
Six revenue lines are on record. Marine Fuels/Bunkering is the primary driver. The others are cargo Trading, base Oil Supply, bio & Sustainable Fuels, offshore Fuel Solutions and risk Management Services.
Does Sing Fuels have an API?
No public API is recorded for Sing Fuels.
What industry is Sing Fuels in?
Sing Fuels's product category is Marine Fuel Trading and Bunkering Services. Its primary akta.pro industry code is TLAHAKAA, Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO), with a secondary code of EUALAIAG, Marine Bunkering & Port Fuel Supply. Its NAICS code is 424710 and its SIC code is 5171.