BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry

« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa

BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

Singapore achieves best six-month bunker sales result in its history and record volume for August

13 Sep 2017 09:41 GMT

Asian port surpasses 25 million tonnes in a six-month period for only the second time.

[Click for enlarged graph of Singapore Bunker Sales: Rolling Six-Month Trend - Jan 2016 - Aug 2017]

The port of Singapore recorded the best six-month bunker sales figure in its history between March and August, according to data compiled using information released by the Maritime and Port Authority of Singapore (MPA).

Sales of marine fuel at the world's leading bunker port between March and August were 25.369 million metric tonnes - beating the previous six-month record of 25.053 million tonnes, achieved between March and August last year.

In another record for the Asian port, Singapore sold 4,363,600 tonnes of marine fuel in August, which was the best ever sales figure for this month, surpassing the 4,287,800-tonne result in August 2015.

Year-on-year (YoY), August sales were up 135,600 tonnes, or 3.2 percent. In a month-on-month (MoM) comparison with July, bunker volumes delivered dipped 30,100 tonnes, or 0.7 percent.

Accumulated sales for the first eight months of 2017, meanwhile, were 33,678,000 tonnes - a YoY increase of 950,900 tonnes, or 2.9 percent.

With fuel grades 380 centistoke (cSt) and 500 cSt recording sales of 3,234,400 tonnes and 892,200 tonnes respectively, they both came close to achieving record peaks for August. The 380 cSt figure was just below the 3,295,600-tonne result seen in August 2015, while the 897,700 tonnes sold in 2016 remains the best August result for 500 cSt.

In comparison with last year, 380 cSt sales were up 117,800 tonnes, or 3.8 percent; MoM, 380 volumes fell 71,900 tonnes, or 2.2 percent.

Low-sulphur marine gas oil (LSMGO) recorded its best ever August figure and a YoY increase with sales of 109,600 tonnes - a rise of 23,600 tonnes, or 27.4 percent. Compared to the previous month, the result was up 5,300 tonnes, or 5.1 percent.

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 August was 3,334 - a fall of 227, or 6.4 percent, compared to last year.

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

In comparison with the previous month, the number of bunker calls was also down - by 52.

The total number of vessels greater than 75 gt arriving in Singapore increased YoY by 207, or 1.8 percent, to 11,915 in August. MoM, vessel arrivals were up 107, or 0.9 percent.

Image: Singapore bunker sales: rolling six-month trend.

Related Links:

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

Latest News:

Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line
Vermont Bunkering and staff charged over fraudulent transactions in Singapore
Oil market seems to be struggling to find direction
Oil and fuel oil hedging market update
Aegean expects to launch 'at least one' new bunker supply service in H1 2018
Peninsula signs storage agreement in Houston with HOFTI
Another day in bearish territory?
Oil and fuel oil hedging market update
Aegean posts net loss and 23.2% drop in gross profit
Wartsila launches gas-fuelled version of world's most efficient four-stroke engine
Singapore updates restrictions on selling bunkers to North Korean ships

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Cape Town
Las Palmas
New Orleans
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events