This is a legacy page. Please click here to view the latest version.
Fri 13 Jul 2018, 08:46 GMT

Singapore bunker sales up YoY... but second-lowest in 16 months


Sales fall below 4m tonnes for first time in a year; bunker calls drop to their second-lowest level of 2018.


Port of Singapore with the Central Business District (CBD) behind.
Image credit: Flickr
Bunker sales in Singapore during the month of June fell to their lowest level in 12 months as the number of bunker calls and vessel arrivals also declined, latest data for the Asian port reveals.

Total volume sold amounted to 3,922,300 tonnes, which was a month-on-month (MoM) decrease of 361,200 tonnes, or 8.4 percent; whilst in a year-on-year (YoY) comparison, the figure was up 86,000 tonnes, or 2.2 percent.

Last month's figure was only the second in 16 months - since February 2017 - showing sales volume below 4 million tonnes, with both results coming in the month of June.

380 centistoke (cSt) sales decreased MoM - for the third month in a row - by 152,300 tonnes, or 5.2 percent, to 2,795,700 tonnes. YoY, Singapore's best-selling fuel grade recorded a slight increase of 11,200 tonnes, or 0.4 percent. It is the first monthly YoY rise since January.

For 500 cSt, Singapore posted a volume of 852,900 tonnes, as sales decreased both MoM (by 156,700 tonnes, or 15.5 percent) and YoY (by 29,100 tonnes, or 3.3 percent). The figure is the lowest since December.

Sales of low-sulphur marine gas oil (LSMGO) in June dipped MoM by 2,300 tonnes, or 2.1 percent, to 107,500 tonnes. And in a YoY comparison, the figure was up 8,100 tonnes, or 8.1 percent - the fifth successive monthly rise.

Standard MGO sales dipped MoM by 7,500 tonnes, or 12.0 percent, to 55,100 tonnes. YoY, the figure was 5,500 tonnes, or 11.1 percent, higher.

Drop in bunker calls and vessel arrivals

The number of ships greater than 75 gross tonnes (gt) calling at Singapore for bunkers in June was 3,130 - the second-lowest figure of the year so far, and representing a MoM decrease of 107, or 3.3 percent, and a YoY drop of 248, or 7.3 percent.

The total number of vessels greater than 75 gt arriving in Singapore fell MoM by 1,033, or 8.4 percent, to 11,192, whilst YoY, June's figure was lower by 1,083, or 8.8 percent. It is the second-lowest monthly figure in 16 months.

MGO  

Methanol bunker fuel delivery. World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports  

First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

Valerie Ahrens. Burando Energies appoints Valerie Ahrens as global head of methanol  

Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

New Sea Generation (NSG) logo. New Sea Generation seeks junior bunker trader in Greece  

Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

Person signing a document. IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC  

Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

Fluxys logo. Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins  

Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

VPS logo. Shale oil components detected in Singapore marine fuel | VPS  

VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

Constantinos Capetanakis, Star Bulk. IBIA chair completes two-year term, citing expansion in regulatory engagement and membership  

Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

Aerial view of a container vessel. LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds  

Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

Vitalii Protasov, GENA Solutions Oy. Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier  

GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

Frontier Venture vessel. Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation  

Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.


↑  Back to Top