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

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).


Maersk Labrea render. Maersk and Anemoi to fit rotor sail on container vessel in industry first  

35-metre rotor sail is due to be installed on an 8,700-TEU ship in mid-2027.

Verde Marine Energy (VME) logo. Verde Marine Energy expands into marine lubricants with veteran trader hire  

Dutch firm offers clients the option to manage fuel and lubricant sourcing through one point of contact.

Avenir Ascension vessel. NYK and Stolt-Nielsen complete Avenir LNG joint venture  

NYK acquires a 50% stake in Avenir LNG from Stolt-Nielsen, creating a joint ownership and operating structure for LNG bunkering.

Yuan Hai Si Lu vessel. Cosco Shipping names green methanol-capable ore carrier Yuan Hai Si Lu in Yangzhou  

325,000-DWT vessel features dual-fuel capability and what is claimed to be a world-first digital delivery system.

Onboard carbon capture and storage (oCCS) system illustration Onboard carbon capture a viable emissions pathway for shipping fleet, Lloyd’s Register report finds  

New LR report backs onboard carbon capture but flags infrastructure gaps as the key barrier.

Odfjell and bound4blue eSAIL order signing. Odfjell places repeat eSAIL order with bound4blue for second chemical tanker  

Early fuel savings reported on Bow Olympus drive second suction sail installation for Odfjell.

Titan and Sogestran long-term agreement signing. Titan and Sogestran agree long-term deal for new 6,000-cbm LNG bunker vessel in western Mediterranean  

Tie-up aims to bring LNG and LBM ship-to-ship bunkering services to Mediterranean ports.

Everllence 175DF-M engine. Everllence completes full-scale testing of dual-fuel methanol engine in Denmark  

First deliveries to superyacht customers slated for mid-2027.

Steel-cutting ceremony of vessel with builder's hull no. CHB3019. Changhong International starts construction on 11th LR2 tanker for Navios  

Chinese shipbuilder cuts steel on latest vessel in series designed with future fuel flexibility.

DP World London vessel. DP World names first methanol dual-fuel vessel at ceremony in Aarhus  

Marine services business, Shipping Solutions, names 1,250-TEU boxship with five-cylinder main engine.


↑  Back to Top