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.

Image credit: Ash Kyd Flickr CC BY 2.0

Updated on 13 Jul 2018 08:46 GMT

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.