This is a legacy page. Please click here to view the latest version.
Thu 13 Jul 2017, 11:48 GMT

Singapore posts lowest bunker sales in nine months... but best H1 ever


Asian port records second YoY decline in a row for the first time since September.



The port of Singapore recorded its lowest bunker sales figure in nine months during the month of June, according to preliminary estimates released by the Maritime and Port Authority of Singapore (MPA).

The Southeast Asian port sold 3,836,300 tonnes in June, representing a drop of 250,100 tonnes, or 6.1 percent, compared to last year's figure of 4,086,400 tonnes.

It is the second year-on-year (YoY) decline in a row - the first time this has happened since September last year.

In comparison with the previous month's result of 4,180,600 tonnes, total sales at the world's leading bunker port fell by 344,300 tonnes, or 8.2 percent.

Despite the decrease, however, overall bunker sales between January and June were 24,920,700 tonnes, which represents an increase of 536,600 tonnes, or 2.2 percent, compared to the same period in 2016 (20,297,700 tonnes). It is the highest figure ever recorded for the first half of the year.

So far this year, Singapore has averaged 4,153,450 tonnes per month. If it were to average just under 4,180 tonnes during the next six months, 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 197,600 tonnes, or 6.6 percent year-on-year to 2,784,500 tonnes, whilst the month-on-month decrease was 338,500 tonnes, or 10.8 percent.

Deliveries of 500 cSt fell by 12,700 tonnes, or 1.4 percent year-on-year to 882,000 tonnes. However, the figure was the second-highest in 10 months as sales rose 25,400 tonnes, or 3.0 percent, month-on-month.

Low-sulphur marine gas oil (LSMGO) recorded a year-on-year increase in June with sales of 99,400 tonnes - a rise of 13,800 tonnes, or 16.1 percent. But the figure was also the lowest of the year so far and 3,200 tonnes, or 3.1 percent, less than in May.

Vessel arrivals and bunker calls

According to the MPA, the number of ships greater than 75 gross tonnes (gt) calling at Singapore for bunkers in June was 3,378 - a fall of 138, or 3.9 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 also down - by 135.

The total number of vessels greater than 75 gt arriving in Singapore increased by 819, or 7.2 percent, to 12,273 in June, year-on-year. Month-on-month, vessel arrivals declined by 382, or 3.0 percent.


DP World London vessel. DP World names first methanol dual-fuel vessel at ceremony in Aarhus  

Marine services business, Shipping Solutions, names 1,250-TEU boxship with five-cylinder main engine.

Wind of Ocean vessel. LD Armateurs launches first of two SOVs for Vattenfall at Chinese shipyard  

Wind of Ocean features hybrid-electric propulsion and a double-ended hull design.

Business handshake. Singapore and Brazil sign MoU to establish green and digital shipping corridor  

Two countries will collaborate on maritime decarbonisation, digitalisation and alternative marine fuel supply chains.

WinGD logo. WinGD modelling shows retrofit pathways to net zero can pay off, but policy support remains key  

Fuel economics and regulation — not engine technology — are the main barriers to cost-effective decarbonisation retrofits, says report.

We are hiring graphic. Arte Bunkering seeks Mandarin-speaking senior bunker trader to establish presence in China  

European trading firm is expanding into China with its first on-the-ground hire.

Empire State Building, New York. Monjasa recruiting trader for New York team  

Experience in marine fuel or shipping an advantage but not a requirement.

Maritime Bunkering course participants. SSA launches training course to prepare maritime companies for Singapore’s mandatory digital bunkering  

Course designed to help companies evaluate the impact of digitalisation on their existing workflows and business processes.

Limassol cityscape. Monjasa opens two trader roles at Cyprus base, one for Italian speaker  

Experience in shipping or sales described as a requirement.

GRSE work order handing-over ceremony. GRSE wins West Bengal orders for two hybrid diesel-electric ferries  

Indian state-owned shipbuilder expands green inland waterway portfolio with latest contracts.

New Sea Generation (NSG) logo. New Sea Generation seeks experienced bunker traders in Greece  

Bunker trading firm is offering equity and a path to partnership.


↑  Back to Top