|Singapore posts lowest H1 bunker sales since 2015 despite 14.5% jump in ship arrivals|
|YoY bunker calls decline over 12 successive months.
|Image credit: Ash Kyd Flickr CC BY 2.0|
|Updated on 13 Jul 2022 18:27 GMT
Singapore has in 2022 recorded its lowest bunker sales result for the first half (H1) of the year since 2015, data from the Maritime and Port Authority of Singapore (MPA) shows.
Significance: Monthly sales have decreased year-on-year (YoY) in 10 of the last 12 months (for the first time since October 2019), and the latest H1 figure of 22.917m tonnes reinforces this trend.
Marine fuel sales at the world's largest bunker port receded 8.7% YoY to 3.754m tonnes in June.
Vessel arrivals and bunker calls
Vessel arrivals of 8,301 (up 14.5% YoY) in June was the highest monthly figure since the pandemic hit in March 2020 as passenger ships almost doubled month-on-month. It was the first time in 27 months that more than 8,000 ships arrived in Singapore.
However, despite the positive ship arrival figures, bunker calls dropped 9.3% YoY in June to 2,940.
What this shows: Whilst vessel arrivals have increased YoY in each of the last three months following seven straight months of negative growth, this has not coincided with a rise in either bunker calls or sales, which have continued to shrink.