Tue 22 Apr 2014 08:29

Singapore: Lowest Q1 bunker sales since 2010


Bunker sales decline for a third consecutive month at the world's leading bunker port.



Bunker sales in Singapore fell to their lowest level since February 2013 during the month of March, according to data released by the Maritime and Port Authority of Singapore (MPA).

Total sales at the world's leading bunker port decreased last month by 92,500 tonnes, or 2.8 percent, to 3,184,900 tonnes, down from 3,277,400 tonnes in February. It is the third consecutive monthly decline.

In comparison with the corresponding month last year, March volumes were down by 177,800 tonnes, or 5.3 percent. It is the second time in the last three months that year-on-year monthly volumes have fallen.

Accumulated bunker sales for the year so far are 10,020,100 tonnes, which represents a decrease of 206,600 tonnes compared to the first three months of 2013. The figure is also below the volumes sold during the corresponding period in 2012 and 2011, but above levels recorded in 2010, 2009 and 2008.

Sales of 380 centistoke (cst) - Singapore's largest-selling bunker grade - declined by 119,300 tonnes, or 4.7 percent, in March to 2,402,700 tonnes. In comparison with the corresponding month last year, 380 cst sales were down by 110,000 tonnes, or 4.4 percent.

500 cst volumes rose by 50,000 tonnes, or 9.5 percent, to 574,100 tonnes compared to the previous month's figure of 524,100 tonnes. The result is 6,700 tonnes, or 1.2 percent, lower than in March 2013.

Below are tables of bunker sales in Singapore for each fuel grade in 2014, 2013, 2012 and 2011 with accumulated totals in the bottom row.

2014 Total 500cst 380cst 180cst MGO
Jan 3,557.8 635.7 2,754.8 42.9 70.4
Feb 3,277.4 524.1 2,522.0 73.8 91.7
Mar 3,184.9 574.1 2,402.7 57.8 88.3
Total 10,020.1 1,733.9 7,679.5 174.5 250.4


2013 Total 500cst 380cst 180cst MGO
Jan 3,787.6 581.8 2,929.3 99.7 119.3
Feb 3,076.4 492.0 2,365.7 69.9 84.5
Mar 3,362.7 580.8 2,512.7 78.8 104.8
Apr 3,647.9 633.2 2,713.7 94.2 113.9
May 3,529.0 644.3 2,633.2 89.5 93.7
Jun 3,478.2 641.6 2,588.7 81.1 95.0
Jul 3,740.8 714.6 2,773.0 81.7 107.3
Aug 3,488.1 693.0 2,570.9 69.7 96.7
Sep 3,610.5 684.9 2,673.5 77.5 104.1
Oct 3,780.6 688.8 2,866.6 71.4 91.6
Nov 3,373.1 652.2 2,525.0 67.4 74.5
Dec 3,802.4 654.2 2,917.8 69.4 97.4
Total 42,682.2 7,661.4 32,070.1 950.3 1182.8


2012 Total 500cst 380cst 180cst MGO
Jan 3,668.5 406.3 3,019.0 115.3 113.3
Feb 3,092.7 407.2 2,436.9 112.3 128.7
Mar 3,608.8 486.9 2,885,4 106.1 126.4
Apr 3,735.4 515.3 2,982.6 103.5 129.9
May 3,985.7 591.5 3,144.6 117.50 128.4
Jun 3,646.9 553.6 2,883.3 85.6 123.4
Jul 3,665.2 503.5 2,924.4 110.0 114.7
Aug 3,556.0 568.1 2,756.7 107.9 120.1
Sep 3,326.4 535.9 2,570.1 87.7 118.1
Oct 3,508.4 549.1 2,747.0 92.7 114.2
Nov 3,275.6 566.7 2,491.9 92.3 118.6
Dec 3,625.7 541.4 2,843.6 116.1 118.3
Total 42,685.3 6,225.5 33,685.5 1,247.0 1,454.1


2011 Total 500cst 380cst 180cst MGO
Jan 3,642.4 480.3 2,841.2 171.0 134.0
Feb 3,268.8 438.7 2,544.2 151.8 111.7
Mar 3,520.7 472.9 2,747.8 146.5 134.9
Apr 3,248.5 425.4 2,541.5 132.2 118.9
May 3,621.9 475.7 2,873.7 130.6 123.2
Jun 3,859.2 515.2 3,031.9 141.1 143.4
Jul 3,642.9 476.6 2,883.7 135.2 127.8
Aug 3,815.3 470.2 3,050.4 133.6 149.3
Sep 3,568.4 468.1 2,836.8 132.0 125.6
Oct 3,546.2 385.3 2,867.1 131.9 145.1
Nov 3,615.4 537.6 2,800.7 124.2 126.8
Dec 3,804.1 431.8 3,103.1 110.9 128.9
Total 43,153.6 5,577.7 34,122.1 1,641.0 1,569.6

Martin Vorgod, CEO of Global Risk Management. Martin Vorgod elevated to CEO of Global Risk Management  

Vorgod, currently CCO at GRM, will officially step in as CEO on December 1, succeeding Peder Møller.

Dorthe Bendtsen, KPI OceanConnect. Dorthe Bendtsen named interim CEO of KPI OceanConnect  

Officer with background in operations and governance to steer firm through transition as it searches for permanent leadership.

Bunker Holding's executive management team, from left to right: CCO Anders Grønborg,  COO Peder Møller, CEO Keld R. Demant and CFO Michael Krabbe. Bunker Holding revamps commercial department and management team  

CCO departs; commercial activities divided into sales and operations.

Image of a bunker delivery being performed by Peninsula's Hercules 8000 tanker vessel. Peninsula extends UAE coverage into Abu Dhabi and Jebel Ali  

Supplier to provide 'full range of products' after securing bunker licences.

A screenshot taken from Peninsula's homepage on October 4, 2024. Peninsula to receive first of four tankers in Q2 2025  

Methanol-ready vessels form part of bunker supplier's fleet renewal programme.

Stephen Robinson, pictured on his appointment as Head of Bunker Strategy and Procurement at Tankers International. Stephen Robinson heads up bunker desk at Tankers International  

Former Bomin and Cockett MD appointed Head of Bunker Strategy and Procurement.

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.


↑  Back to Top


 Related Links