This is a legacy page. Please click here to view the latest version.
Mon 16 Oct 2017 06:47

Singapore 12-month bunker sales jumped from 45 to 50m tonnes in just 21 months


Sales at Asian port rose by 5m tonnes in almost a third of the time it took them to increase from 40m to 45m tonnes.



[Click for enlarged graph of Singapore bunker sales, rolling 12-month trend: Jan 2010 - Sep 2017]

As reported by Bunker Index on Friday, the world's leading bunker port, Singapore, made history in September when marine fuel sales of more than 50 million tonnes over a 12-month period were reached for the first time.

The graph accompanying this article shows the rolling 12-month trend since the start of the decade, and indicates that during this period, 12-month sales rose by 13,495,400 tonnes, or 36.9 percent, from 36,579,400 tonnes in January 2010 (for the period February 2009 to January 2010) to 50,074,800 tonnes in September 2017 (for October 2016 to September 2017).

Rolling 12-month sales surpassed 49 million tonnes for the first time in February 2017, and took a further seven months to reach the 50 million-tonne mark.

Significantly, the graph also shows that while it took 62 months (from October 2010 to December 2015) for sales to rise from 40 to 45 million tonnes, it only took 21 months - almost a third of the time - for volumes to jump another 5 million tonnes.

In a comparison of both periods, the average monthly increase between October 2010 and December 2015 was 80,645 tonnes, whilst during the 21-month period between December 2015 and September 2017, the average monthly rise was 238,095 tonnes - just shy of a quarter of a million tonnes.

Meanwhile, in an analysis of products sold between October 2016 and September 2017, the data shows that 380 centistoke (cSt) sales made up 37.31 million tonnes, or 74.5 percent, of total sales.

Sales of 500 cSt over the 12-month period were 10.15 million tonnes, or 20.3 percent, whilst combined sales of low-sulphur marine gas oil (MGO) and higher-sulphur MGO were 1.99 million tonnes, or 4.0 percent, with low-sulphur MGO volumes at 1.26 million tonnes, or 2.5 percent.

Image: Singapore bunker sales: rolling 12-month trend Jan 2010 - Sep 2017. Credit: Illustration data from Maritime & Port Authority of Singapore (MPA).


Benny Hilström, WinGD. Where next for LNG fuel after IMO carbon pricing pause?  

WinGD’s Benny Hilström examines what lies ahead for LNG as a marine fuel.

Aasvaer Vessel. Wärtsilä secures sixth hybrid propulsion order from Aasen Shipping for bulk carrier series  

Norwegian shipowner orders integrated system for 9,500 DWT vessel under construction at Royal Bodewes.

Petrobras Global Trading seeks bunker trader for Rotterdam operations  

Brazilian energy company's Dutch subsidiary advertises role focusing on marine fuel sales in Brazil.

Tristar Eco Voyager vessel. TotalEnergies charters hybrid lubricants bunkering barge for Fujairah operations  

Tristar-owned vessel combines electric and biofuel power to reduce emissions by up to 35%.

European Commission headquarters. EU awards funding to 70 alternative fuels infrastructure projects across Europe  

€600m funding will support ammonia bunkering, shore power, and charging infrastructure across 24 member states.

Naming ceremony of NOCC Pacific. Norwegian Car Carriers' LNG dual-fuel, ammonia-ready PCTC is named  

NOCC Pacific has received DNV's 'Ammonia-ready' notation, preparing it for the use of lower-carbon fuels.

Graphic announcing the release of the DNV Net-Zero Guidance Paper. DNV and WMMF release guide to help shipowners navigate path to net-zero  

Guide offers practical roadmap for decarbonisation amid evolving regulations and commercial pressures.

Aerial view of MSC container ship and Marine Ista vessel. Vitol launches Pakistan bunker operations with first large-scale IMO-compliant fuel production  

Supplier expands bunkering network to three Pakistani ports, sourced from locally produced VLSFO.

Port Director Ingvar M. Mathisen in front of Pelikan II vessel. Port of Oslo introduces fee structure rewarding zero-emission vessels  

Norwegian port offers quay fee exemptions and discounts for ships using shore power and green technology.

Coral Energy vessel. Gasum publishes daily price for FuelEU Maritime compliance units  

Nordic energy company aims to enhance transparency in the evolving regulation compliance market.


↑  Back to Top


 Recommended