Singapore marine fuel supplier Equatorial eyes higher LNG bunker demand from 2028

SINGAPORE — Equatorial Marine Fuel Management, a top Singapore bunker supplier by volume, plans to channel part of its 2026 profits to fund its expansion into supplying liquefied natural gas to ships as it positions for higher demand from 2028, its executives said.The company, which was one of eight suppliers awarded an LNG bunker licence in late July, is in discussions with LNG cargo suppliers and shipowners for collaborations, its executive director Choong Zhen Mao told Reuters on the sidelines of the Singapore International Bunkering conference (SIBCON) 2026."The opportunity that we see in LNG still seems to be growing, even in this climate. I think that's where we see the market moving," he said, referring to the surge in LNG prices after the US-Israeli war on Iran disrupted exports from the Middle East.The company will be receiving its first new-built LNG bunker barge in the later part of the third quarter in 2027, he added.Singapore's January-to-September 2026 LNG bunker sales totalled 487,100 tons, up more than 21 per cent from a year earlier, data from the Maritime and Port Authority of Singapore showed Wednesday (Oct 14).