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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore records first YoY decline in bunker sales of 2017

14 Jun 2017 07:20 GMT

Sales volume fell 4.2 percent YoY as the number of bunker calls dropped 3.1 percent.



The port of Singapore recorded its first year-on-year decline in bunker sales of 2017 during the month of May, according to preliminary estimates released by the Maritime and Port Authority of Singapore (MPA).

The Southeast Asian port sold 4,180,600 tonnes in May, representing a drop of 183,100 tonnes, or 4.2 percent, compared to last year's figure of 4,363,700 tonnes.

In comparison with the previous month's result of 4,253,300 tonnes, total sales at the world's leading bunker port fell by 72,700 tonnes, or 1.7 percent.

Despite the decrease, however, overall bunker sales between January and May were 21,084,400 tonnes, which represents an increase of 786,700 tonnes, or 3.9 percent, compared to the same period in 2016 (20,297,700 tonnes). It is the highest figure ever recorded for the first five months of the year.

So far this year, Singapore has averaged 4,216,880 tonnes per month. If it were to average 4,130,800 tonnes during the next during the next seven months of the year, then Singapore would reach 50 million tonnes during a calendar year for the first time.

Sales of 380 centistoke (cSt) - the port's best-selling bunker grade - dipped 106,900 tonnes, or 3.3 percent year-on-year to 3,123,000 tonnes, whilst the month-on-month decrease was 62,100 tonnes, or 1.9 percent.

Deliveries of 500 cSt fell by 42,800 tonnes, or 4.8 percent, to 856,600 tonnes year-on-year. Month-on-month, sales were down 20,000 tonnes, or 2.3 percent.

Low-sulphur marine gas oil (LSMGO) was the only key fuel grade to record a year-on-year increase in May with sales of 102,600 tonnes - a rise of 1,300 tonnes, or 1.3 percent. The figure was also 700 tonnes, or 0.7 percent, higher than in April.

Vessel arrivals and bunker calls

According to the MPA, the number of ships calling at Singapore for bunkers in May was 3,513 - a fall of 113, or 3.1 percent, compared to last year.

Interestingly, so far in 2017, every month has recorded a decline in the number of bunker calls compared to last year.

In a comparison with last month, the number of bunker calls was marginally up - by 18.

The total number of vessels arriving in Singapore increased by 947, or 8.1 percent, to 12,655 in May, year-on-year.






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