Thu 18 Sep 2008 11:34

Singapore bunker sales hit 2008 peak


380-cst August sales are 313,000 tonnes higher than last year.



Bunker sales in Singapore reached their highest level so far this year during the month of August, according to preliminary estimates released by the Maritime and Port Authority of Singapore (MPA).

Total sales of marine fuel at the world's leading bunker port rose by 120,800 tonnes to 3,151,700 tonnes last month compared to 3,030,900 in July.

The figure was also 225,900 tonnes higher than in August 2007 - where the monthly total reached an annual peak of 2,925,800 tonnes - and is the highest to be recorded this year after surpassing the 3,047,00-tonne figure recorded in April.

With higher sales in every month so far compared to 2007, Singapore continues to be on course to surpass the previous annual record of 31,546,000 tonnes set last year. Accumulated sales for the year so far have now already reached 23,540,500 tonnes.

Sales of 380-centistoke (cst) - Singapore's largest-selling bunker grade - reached their highest level so far this year at 2,372,500 tonnes. The figure was 85,900 tonnes higher than the year's second-highest monthly sales volumes recorded in April and exceeded last month's figure by 95,100 tonnes. Significantly, last month's preliminary estimates are also 313,600 tonnes higher than those recorded in August 2007.

Meanwhile sales of 500-cst - the second-best selling product in Singapore - also increased last month compared to July. During the month of August, 376,400 tonnes of 500-cst were sold, up 11,900 tonnes on June 2008 but 12,400 tonnes lower than in August 2007. The figure is the second-highest to be recorded so far this year.

Marine gas oil (MGO) sales also reached their second-highest level in 2008 at 134,200 tonnes. Volumes sold were 4,500 tonnes more than in the previous month, but 2,000 tonnes less than total sales achieved in August 2007.

Sales of 180-cst showed a noticeable improvement last month compared to July, when the year's second-lowest sales figures were recorded. In August, sales rose by 28,700 tonnes to 238,700 tonnes but the figure was significantly lower than the 308,400-tonne sales volume achieved during the same month last year.

Availability of this product has been particularly tight over the past few weeks with a number of suppliers running out of stock and being unable to quote.

Below is a table of bunker sales in Singapore for 2008 with accumulated totals in the bottom row.


2008 Total 500cst 380cst 180cst MGO
Jan 2,802.2 351.6 2,048.8 239.6 127.0
Feb 2,734.0 296.5 2,014.4 263.8 127.2
March 3,045.3 361.4 2,275.7 235.4 137.0
April 3,047.0 355.5 2,286.6 246.6 125.3
May 2,919.0 391.3 2,157.2 207.3 116.2
June 2,810.4 354.8 2,075.2 235.1 108.4
July 3,030.9 364.5 2,277.4 210.7 129.7
August 3,151.7 376.4 2,372.5 238.7 134.2
Total 23,540,50 2,852.50 17,507.80 1,877.20 1,005.00

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.

A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.

Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.

Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.

Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.

Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.

Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.


↑  Back to Top


 Related Links