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| Singapore annual bunker sales fall to lowest level since 2015 | ||||||||||||
| Volume declines for second successive year at Asian port. |
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| Bunker sales in Singapore fell for the second successive year in 2019, according to port data. Image credit: Bunker Index. Source: MPA Singapore | ||||||||||||
| Updated on 16 Jan 2020 11:10 GMT |
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| The world's biggest port by bunker supply volume, Singapore, finished the year with sales of 4.466m tonnes in December - its best monthly figure for nearly two years (since January 2018). However, despite the positive December numbers, overall volume for 2019 dipped year-on-year (YoY) by 2.335m tonnes, or 4.7 percent, to 47.464m tonnes, down from 49.799m tonnes in 2018, as Singapore recorded its lowest annual result since 2015. It was also the first time since 2014 that bunker volume had fallen over two consecutive years, whilst 2019 was the sixth year since the turn of the century (and the fifth of the 2010s decade) to record an annual decline. Sales of Singapore's best-selling fuel grade in 2019, 380 centistoke (cSt), decreased YoY by 5.781m tonnes, or 16.2 percent, to 29.942m tonnes ahead of IMO's 0.5 percent cap on fuel sulphur content, whilst 500 cSt volume dropped 3.492m tonnes, or 32.9 percent, to 7.127m tonnes. In terms of IMO 2020-compliant distillate products, low-sulphur marine gas oil (LS MGO) recorded a YoY improvement of 1.551m tonnes, or 100.8 percent, to 3.090m tonnes in 2019. Standard DMA-grade MGO sales, meanwhile, were up 45,200 tonnes, or 6.1 percent, to 792,000 tonnes.
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