The Port of Singapore is the second busiest port in the world in terms of total tonnage, transporting a fifth of the world’s shipping containers and half of the world’s annual supply of crude. As such, it is an incredibly important port for bunkering activity, and understanding the need and market there is critical for bunkering and fuel oil companies.
With real-time, global data from Genscape Vesseltracker’s terrestrial and satellite AIS data, Genscape translates over 500 million raw AIS messages per day into useful, meaningful information and insights. Using proprietary algorithms to identify ships delivering bunkers, Genscape separates bunker deliveries from other ship-to-ship interactions, providing the most accurate time measurement of bunker deliveries.
Identifying and analyzing bunkering activity provides many useful data points. With most of the world’s trade moving over the ocean, bunkering activity can provide early indicators into regional and global economic fluctuation. This is critical for bunkering and fuel oil companies, so that they can proactively target their business development efforts, offer pricing that directly reflects market supply and demand, and understand the competitive landscape. Additionally, tracking bunkers can provide transparency to climate change and carbon emissions. Shipping is responsible for 3.5 percent to four percent of all climate change emissions, and one containership creates the same pollutants as 50 million cars. Furthermore, rises and falls in bunkering activity can significantly affect the energy markets as it reacts to changes in supply and demand.
Using this Genscape Vesseltracker AIS data, one can also visualize bunkering activity very clearly using a density map. Over the four-week period from September 16 – October 7, 2016, Genscape tracked the movements of 265 bunkering vessels in the Port of Singapore, which you can see on the map below.
Visualizing bunkering activity in the Port of Singapore over a four-week period shows a number of important analytics, including the most frequently travelled routes and most frequently visited bunkering locations.
Additionally, the precise nature of the BunkerPeriscope™ data shows which ships have been supplied by which bunkers and from which supply points.
Genscape's Global BunkerPeriscope is a powerful tool for bunkering and fuel oil companies who need to understand the trends surrounding fuel oil and bunkering services, including regional and global demand and inventories. Powered by Genscape Vesseltracker™ AIS data, BunkerPeriscope also allows traders, research analysts, and business development professionals to cut straight to their analysis, using a wide range of common tools, from Excel to BI reporting. Click here to learn more and request a sample set of data from Genscape BunkerPeriscope.
