A new study has found that Singapore’s bunkering mass flow metering standard – which has been in force at the port since 2016 – has ‘the potential to reap annual savings of between S$80 million and S$199 million for the industry’.
According to a statement posted on the Maritime and Port Authority of Singapore (MPA) today (7 October), this was one of the key findings of a case study initiated by SDO@SCIC, on behalf of Enterprise Singapore and the Singapore Standards Council.
The MPA’s Technical Reference (TR) 48 – the standard for mandatory MFM in bunkering operations in Singapore – came into effect in June 2016 and was upgraded to a Singapore Standard, SS 648, last year.
The new study found that most of the potential savings – between 66% and 76% – related directly to bunkering operations, with the remainder coming from ‘the reduction in the number of dispute resolutions as well as the time taken to resolve these resolutions account for the remainder’.
Simon Neo, Executive Director of SDE International, said: ‘The potential net annual savings derived from the TR 48 case study for the bunkering industry were based on conservative assumptions so the bunkering industry can be confident of achieving even greater outcomes if their internal practices align even closer to the TR 48.’
TR 48 and SS 648 have since formed the basis for the development of two ISO standards on bunkering. Led by Singapore, ISO 21562: Bunker Fuel Mass Flow Meters on Receiving Vessel – Requirements was published in July this year. ISO 22192: Bunkering of Marine Fuel Using the Coriolis Mass Flow Meter System is expected to be published by end of the year.
Singapore has also developed two new bunker supply standards:
- SS 660, which covers the upstream process for bunker cargo delivery from the oil terminal to the bunker tanker, and ‘includes the quantity measurement requirements during bunker cargo delivery from an oil terminal to a bunker tanker using the Coriolis MFM system’;
- TR 80, which ‘reflects the criteria and metrological requirements for a master meter as well as the requirements for duty mass flow meters used across the entire bunker supply chain’.
Commenting on the ongoing development of Singapore’s bunkering and MFM standards, Choy Sauw Kook, Director-General (Quality & Excellence), Enterprise Singapore, said: ‘Standards assure the integrity of value chains by harmonising technical terms, measures and industry benchmarks, and provide transparency and stakeholders’ accountability. They have contributed to the digitisation efforts of the bunkering industry and strengthened Singapore’s position as a trusted bunkering hub. Enterprise Singapore and the Singapore Standards Council will continue to work with industry and the MPA to develop standards to support the transformation efforts of the maritime industry.’
Captain Daknashamoorthy Ganasen, MPA’s Senior Director (Operations and Marine Services), added: ‘The implementation of TR 48 has enhanced trust in Singapore’s bunkering sector. The pioneering method of bunker measurement has increased the transparency and accuracy of bunker custody transfer, as well as improved the operational efficiency of bunkering at the Port of Singapore. We are confident that the new standards, which support the use of mass flow meters, will boost bunker quantity assurance and reinforce Singapore’s position as a leading bunkering hub of the world.’
Seah Khen Hee, Chairman, Technical Committee for Bunkering, maintained that Singapore’s work on MFMs for bunkering has brought benefits for the global industry: ‘With the completion of SS 660 and TR 80, and the recent launch of SS 648, the Technical Committee for Bunkering completes a trinity of bunkering standards covering the local bunker supply chain. These two new standards are also envisioned to be new additions to ISO MFM bunkering standards that are led by Singapore, contributing to the betterment of the global bunkering environment for international shipping.’