Wed 13 Dec 2017 09:51

Singapore sets new 12-month bunker sales record as November volumes rise


Nov sales up 4.2% YoY and 7.7% MoM. Port sold 50.245m tonnes between Dec and Nov.



Singapore has set a new record for sales over a 12-month period, according to data released by the Maritime and Port Authority of Singapore (MPA).

Between December 2016 and November 2017, Singapore sold 50,244,800 tonnes - beating the previous 12-month record of 50,074,900 tonnes, sold between October 2016 and September 2017.

It is the third month in a row that the world's leading bunker port has achieved rolling 12-month sales of more than 50 million tonnes, after surpassing the landmark figure for the first time in September.

With accumulated sales for the first 11 months of 2017 at 46,339,900 tonnes (representing a year-on-year increase of 1,639,800 tonnes, or 3.6 percent), Singapore looks well on course to also sell more than 50 million tonnes during a calendar year for the first time in its history - needing just over 3.6 million tonnes in December to achieve the feat. The last time the Asian port sold less than this was almost two years ago, in February 2016.

In terms of monthly figures, sales in November rose year-on-year (YoY) by 173,400 tonnes, or 4.2 percent, to 4,315,600 tonnes. In a month-on-month (MoM) comparison, volumes were up 310,300 tonnes, or 7.7 percent.

380 centistoke (cSt) sales increased YoY by 78,900 tonnes, or 2.6 percent, to 3,146,600 tonnes. Similarly, MoM, Singapore's best-selling fuel grade also recorded a 2.6 percent rise.

For 500 cSt, sales increased YoY by 40,200 tonnes, or 4.7 percent, to 899,000 tonnes, whilst compared to the previous month, volumes jumped 202,300 tonnes, or 29.0 percent.

Sales of low-sulphur marine gas oil (LSMGO) in November rose YoY by 11,000 tonnes, or 11.4 percent, to 107,600 tonnes. In comparison with October, the increase was 10,300 tonnes, or 10.6 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 November was 3,303 - a fall of 318, or 9.0 percent, compared to the corresponding period in 2016.

So far in 2017, every month has recorded a YoY decline in the number of bunker calls.

In comparison with the previous month, the number of bunker calls was lower by 119, or 3.6 percent.

The total number of vessels greater than 75 gt arriving in Singapore increased YoY by 627, or 5.4 percent, to 12,340 in November. MoM, vessel arrivals were down 208, or 1.7 percent.

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