This is a legacy page. Please click here to view the latest version.
Fri 13 Apr 2018, 11:06 GMT

Singapore records best Q1 bunker sales in its history


Asian port sold 12.91m tonnes between January and March, which was a YoY improvement of 2.0%.


Merlion statue, located at Merlion Park, adjacent to One Fullerton at the Marina Bay waterfront, Singapore.
Image: Flickr
Singapore recorded the best first-quarter (Q1) bunker sales volume in its history between January and March, according to data released by the Maritime and Port Authority of Singapore (MPA).

In Q1, the Asian port sold 12.91m tonnes of marine fuel, which was a year-on-year (YoY) increase of 259,300 tonnes, or 2.0 percent, on the previous best of 12.65m tonnes.

The figure was a dip on the 13.22m and 13.04m sold in November-January and December-February respectively, but was still Singapore's fourth-best three-month sales figure.

In terms of monthly volumes, the city-state recorded bunker sales of 4,168,300 tonnes in March, representing a month-on-month (MoM) rise of 32,400 tonnes, or 0.8 percent, but a YoY decrease of 173,600 tonnes, or 4.0 percent - the first since October.

380 centistoke (cSt) sales increased MoM by 187,200 tonnes, or 6.4 percent, to 3,103,200 tonnes. However, YoY, Singapore's best-selling fuel grade recorded a drop of 166,700 tonnes, or 5.1 percent.

For 500 cSt, Singapore posted bunker volumes of 826,400 tonnes, with sales decreasing both MoM (by 132,800 tonnes, or 13.8 percent) and YoY (by 15,300 tonnes, or 1.8 percent).

Sales of low-sulphur marine gas oil (LSMGO) in March rose YoY by 4,900 tonnes, or 4.3 percent, to 119,200 tonnes; but in comparison with February, the figure represented a drop of 8,400 tonnes, or 6.6 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 March was 3,414 - a YoY fall of 175, or 4.9 percent, and a MoM increase of 320, or 10.3 percent.

The total number of vessels greater than 75 gt arriving in Singapore increased YoY by 228, or 1.9 percent, to 12,546 in March. MoM, vessel arrivals were up 1,416, or 12.7 percent, following February's lowest figure in 12 months.


Tallink’s MyStar vessel. Tallink's MyStar joins Gasum's FuelEU Maritime compliance pool using bio-LNG  

Nordic energy company Gasum signs pooling agreement with Elenger to generate compliance surplus.

Methane Abatement in Maritime Innovation Initiative (MAMII) speakers. Maritime coalition gathers in Brussels to advance methane measurement and abatement technologies  

MAMII convenes shipowners, engine makers, and policymakers to accelerate methane reduction from LNG-fueled vessels.

Green oil bubbles. BIMCO delays biofuel clause for time charters to spring 2026  

Maritime organisation pushes back publication to address safety, technical requirements, and industry feedback.

Group photo of participants at the REMPEC expert meeting. Mediterranean moves closer to nitrogen oxide emission controls  

Expert meeting endorses feasibility study with 2032 target for Med NOx ECA implementation.

Seaboard Venture naming ceremony. Sanfu Shipbuilding delivers final 3,500 TEU dual-fuel container ship to US owner  

Taizhou-based shipyard completes first batch of LNG-powered vessels with "zero accidents, zero delays".

Aerial view of a container vessel. FuelEU Maritime regulation reshapes ship management contracts, DNV says  

DNV's Emissions Connect aims to provide neutral data for commercial negotiations under new rules.

Illustration of Scales of Justice with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.

Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.

Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.

Xinfu124 ultra-large LNG carrier. Private Chinese shipbuilder plans to deliver eight dual-fuel boxships  

Yangzi Xinfu is fully booked until May 2029 and expected to post annual sales revenue exceeding $1.4 billion.


↑  Back to Top


 Recommended