Over 280,000 tonnes of gasoline stored on Singapore, Malaysia waters

This is on top of 1.96 million barrels of jet fuel now on water.

More than 280,000 tonnes (2.4 million barrels) of gasoline are sitting on Singapore and Malaysia waters, three trade sources told Reuters.

An additional three more ships loaded with gasoline joined the earlier flock of ships anchored off Malaysia and Singapore, carrying over 170,000 tonnes of gasoline—an amount that can fill some 92 Olympic-size pools.

According to data intelligence firm Kpler, the volume of clean petroleum products—gasoline, diesel and jet fuel—being stored at sea around Singapore is on the rise.

A total of 10.73 million barrels of these fuels were contained on floating storage vessels, an increase of 97% from 5.44 million barrels on 28 April, Kpler said on 8 May.

Kpler added that 2.55 million barrels of gasoline are now on the water, on top of nearly 1.96 million barrels of jet fuel, two types of oil products that are not traditionally stored on ships unlike diesel.

Here’s more from Reuters.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia