BP Sinopec Marine Fuels Pte Ltd

What BP Sinopec Marine Fuels Pte Ltd does

BP Sinopec Marine Fuels Pte Ltd is a Singapore-headquartered 50:50 marine fuels bunkering joint venture established in 2015 between BP and Sinopec Fuel Oil (中国石化燃料油销售有限公司). The company supplies a full range of ISO 8217-compliant marine fuel grades — residual fuels (RMG 380 CST, RMG 180 CST, RMK 500 CST, RMK 700 CST) and distillate fuels (VLSFO 0.5%S, ULSFO, Marine Gas Oil 0.5%S, Low Sulphur Marine Gas Oil 0.1%S) — to ship owners globally across four documented service lines: International Global Supply (Asia Pacific, ARA, Pacific Northwest), Specialized Chinese Supply (leveraging Sinopec's domestic port network), Local Singapore Supply (with Mass-Flow-Meter certified deliveries for quality and quantity assurance), and Trigger Pricing (a risk management advisory service allowing clients to manage trading exposure without paper derivatives). The company achieved ISCC accreditation in 2023 for sustainable marine fuels, positioning it within a credentialed subset of bunker suppliers able to offer verified lower-emission fuel grades.

Operationally, BP Sinopec runs a sales-led B2B model through a lean team (19 employees) that coordinates bunkering via a global network of regional and local logistic partners and physical assets inherited from its parent companies, rather than owning its own bunker vessel fleet. Pricing is customized by port, fuel grade, and contract structure (spot vs. long-term), and credit lines are extended to customers — a working-capital capability made possible by parental backing. Go-to-market relies on direct trader contact, website quote requests, and a newsletter channel.

The commercial footprint spans Singapore, China's ports (including Zhoushan), Europe's ARA region (Rotterdam), and the Pacific Northwest of America. The company's stated vision is to be the leading supply and trading organization in the region offering superior bunkering services and energy solutions globally, with the ISCC accreditation and Trigger Pricing service representing early steps toward broader energy-solutions and risk-management adjacencies.

Name

BP Sinopec Marine Fuels Pte Ltd

Legal name

BP Sinopec Marine Fuels

Website

https://bp-sinopec.com.sg

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

BP Sinopec Marine Fuels is a Singapore-based 50:50 joint venture between BP and Sinopec Fuel Oil, supplying ISO 8217-compliant marine bunker fuels and Trigger Pricing risk management services to global ship owners across Asia Pacific, Europe, China, and the Pacific Northwest.

Ownership category

akta.pro rank

Product category

Marine Fuel Bunkering

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

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)

Keywords

• Marine fuel bunkering
• Bunker fuel supply
• Marine fuels trading
• Ship bunkering services
• Marine gas oil

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Bunker Marine Fuel Sales: Sale of marine fuels including RMG 380 CST, VLSFO, RMG 180 CST, RMK 500/700 CST, ULSFO, Marine Gas Oil, and Low Sulphur Marine Gas Oil through spot supplies and long-term contracts. Products delivered via ex-wharf and/or delivered through their extensive network.
2. Risk Management Solutions: Consultation services helping clients protect portfolio value in volatile trading environments through trigger pricing solutions

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

BP Sinopec Marine Fuels supplies marine bunker fuels to ship owners globally across Asia Pacific, Europe's ARA region, the Pacific Northwest of America, and Chinese ports. The company offers ISO 8217-compliant marine fuel grades (residual and distillate), delivered through three bunkering service lines (International Global Supply, Specialised Chinese Supply, and Local Singapore Supply) via spot purchases and long-term contracts.

Product overview

BP Sinopec Marine Fuels operates as a marine fuels bunkering joint venture offering a comprehensive portfolio of bunker supply services and marine fuel products. The core offering consists of three bunkering service lines: International Global Supply (covering Asia Pacific, Europe ARA, and Pacific Northwest), Specialized Chinese Supply (leveraging Sinopec's domestic network), and Local Singapore Supply (with MFM-certified deliveries). Supporting these are Risk Management Solutions including Trigger Pricing for managing trading exposure. The company supplies a full range of ISO 8217-compliant marine fuel grades including residual fuels (RMG 380, RMG 180, RMK 500, RMK 700) and distillate fuels (VLSFO, ULSFO, Marine Gas Oil variants) ranging from 0.1% to 3.5% sulphur content. Products are delivered via ex-wharf or through the company's extensive global logistics network spanning Singapore to Rotterdam to Zhoushan China.

Differentiator

Problem solved

Functional benefit

Products and services

• International Global Supply Bunkering service supplying marine fuels reliably across Asia Pacific, Europe's ARA region, and the Pacific Northwest of America while upholding the highest operational and environmental standards. Target customers are global ship owners.
• Specialised Chinese Supply Bunkering service leveraging established partner and trading networks in China to provide reliable and efficient supply at competitive pricing through local Chinese knowledge and relationships, for both regional and global shipping companies.
• Local Singapore Supply In-house team of professionals throughout the supply chain with Mass-Flow-Meter (MFM) certified deliveries ensuring highest quality supply in Singapore ports.
• Trigger Pricing Risk management solution allowing customers to control and retain flexibility on their purchases and sales, enabling better management of trading exposure without complex paper derivative products.
• RMG 380 CST (3.5%S) Marine Fuel Conventional residual marine fuel grade with 380 centistokes viscosity and 3.5% sulphur content compliant with ISO 8217 standard.
• VLSFO (0.5%S) Marine Fuel Very Low Sulphur Fuel Oil meeting 0.5% sulphur content requirements under IMO 2020 regulations, compliant with ISO 8217 standard.
• RMG 180 CST Marine Fuel Conventional residual marine fuel grade with 180 centistokes viscosity compliant with ISO 8217 standard.
• RMK 500 CST Marine Fuel Residual marine fuel grade with 500 centistokes viscosity compliant with ISO 8217 standard.
• RMK 700 CST Marine Fuel Residual marine fuel grade with 700 centistokes viscosity compliant with ISO 8217 standard.
• ULSFO Marine Fuel Ultra Low Sulphur Fuel Oil meeting stringent sulphur content requirements for emission control areas.
• Marine Gas Oil (0.5%S) Distillate marine fuel with 0.5% sulphur content compliant with ISO 8217 standard.
• Low Sulphur Marine Gas Oil (0.1%S) Distillate marine fuel with 0.1% sulphur content for enhanced environmental compliance.

Quantifiable outcome

• Global supply coverage from Singapore to Rotterdam to Zhoushan China
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• BPcoreStrategic or Co-development PartnerBP is one of the two parent companies in the 50:50 joint venture, contributing deep global experience and network in the marine supply business. BP brings over 100 years of bunker supply heritage and global operational standards.
• Sinopec Fuel Oil (中国石化燃料油销售有限公司)coreStrategic or Co-development PartnerSinopec Fuel Oil is the Chinese parent company in the 50:50 joint venture, contributing expertise in China's energy market and local knowledge. This partnership enables customers to access competitive supplies and pricing in Chinese locations.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• TFG Marine: Global independent marine fuel supplier with physical supply across major bunker hubs. Directly comparable to BP Sinopec as a third-party-focused bunker trader competing for the same ship-owner wallet with similar global coverage and product range.
• KPI OceanConnect: Global marine fuel procurement and supply platform serving ship owners with bunker trading, brokerage, and risk-management services. Overlaps directly with BP Sinopec in B2B bunker supply and in offering risk-management overlays to customers.
• World Fuel Services: Global energy company distributing marine fuels, aviation fuels, and land fuels worldwide. Comparable to BP Sinopec as a multi-region marine bunker supplier with both physical supply and risk-management/bunker management services for ship owners.
• Bunker Holding: Denmark-based global marine fuel supplier operating physical supply and trading across major hubs. Direct peer to BP Sinopec in conventional and low-sulphur bunker grades with similar global ambition and ship-owner customer base.
• Chemoil Energy: Singapore-headquartered marine fuel supplier with global distribution across Asia, Europe, and the Americas. Direct competitor to BP Sinopec in physical bunker supply, residual and distillate marine fuel grades, and Asia-Pacific focus.
• Peninsula Petroleum: One of the world's largest independent physical marine fuel suppliers, headquartered in Singapore with global supply operations. Competes head-to-head with BP Sinopec in conventional and low-sulphur bunker grades across the same key ports.

Broad incumbents

• TotalEnergies Marine Fuels: Marine bunker division of TotalEnergies with global supply and a leading position in LNG bunkering. Comparable to BP Sinopec in conventional fuel supply but with significantly larger scale, broader product mix, and stronger alternative-fuel roadmap.
• ExxonMobil Marine: Marine fuels business of ExxonMobil supplying ISO 8217-compliant fuels globally. Overlaps with BP Sinopec in conventional and low-sulphur marine grades, with deeper balance sheet and broader refining integration.
• Shell Marine Products: Marine fuel arm of Shell, one of the world's largest integrated oil majors. Competes with BP Sinopec across virtually all bunker grades and ports but offers far broader downstream portfolio (lubricants, LNG, technical services) and deeper capital backing.

Regional players

• China Marine Bunker (PetroChina): State-affiliated Chinese marine fuel supplier serving domestic Chinese ports. Closely comparable to BP Sinopec's Chinese-port business line and a key domestic competitor to the JV's Sinopec-backed Chinese supply proposition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bp-sinopec-marine-fuels-pte-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BP Sinopec Marine Fuels Pte Ltd