Article content
SINGAPORE — Marine fuel sales at
Singapore jumped to a 22-month high in November, latest official
Article content
data showed on Tueday, as lower prices lifted buying interest at
the world’s largest bunkering hub.
November bunker sales totalled 4.37 million tonnes, climbing
3% month-on-month and up 4% year-on-year, data from Singapore’s
Maritime and Port Authority showed.
The higher sales came despite lower vessel arrivals for
bunkering at Singapore, which dipped dipped by 4% month-on-month
Advertisement 2
Article content
at 3,299 vessel calls, although edged higher by 3% year-on-year.
Marine fuel prices fell month-on-month in November and this
had incentivised some shippers to agree deals for bigger-volume
stems, bunker fuel traders said.
“Lower cargo prices might have incentivised some bigger
purchases for storage as inventory on the ships’ tanks,” said a
bunkering manager who trades in the Singapore marine fuel
market.
Total sales of low-sulfur marine fuel oil at Singapore
gained 6% from the previous month to 2.75 million tonnes, even
as total sales of high-sulfur marine fuel oil dipped 5% to 1.25
million tonnes in November.
“Vessels without scrubbers opportunistically increased
bunker purchase volumes in the last month due to lower delivered
Advertisement 3
Article content
prices,” said Ivan Mathews, head of FGE’s Asia Refining and
Global Fuel Oil Service.
He added that low-sulfur marine fuel sales could extend its
climb this month as prices at Singapore also appeared to be more
competitive, compared to other regional ports like Zhoushan.
Bunker fuel prices for 0.5% low-sulfur fuel oil on a
delivered basis have trended lower in November after upstream
crude oil prices fell.
SINGAPORE MONTHLY BUNKER SALES
2022 TOTAL SALES M-o-M Y-o-Y VESSEL M-o-M Y-o-Y
(‘000 tonnes) ARRIVALS
(Calls for
bunker)
Jan 4,033.40 -3.5% -10.4% 3,115 -0.9% -13.3%
Feb 3,501.60 -13.2% -15.0% 2,805 -10.0% -13.4%
Mar 3,770.10 7.7% -10.2% 3,020 7.7% -12.7%
Apr 3,742.30 -0.7% -12.1% 3,025 0.2% -12.5%
May 4,115.50 10.0% 1.1% 3,168 4.7% -5.4%
Advertisement 4
Article content
Jun 3,754.10 -8.8% -8.7% 2,940 -7.2% -9.3%
Jul 4,120.60 9.8% 1.4% 3,181 8.2% -3.4%
Aug 4,116.30 -0.1% 1.1% 3,212 1.0% 0.7%
Sep 3,967.60 -3.6% 0.8% 3,155 -1.8% 1.8%
Oct 4,251.00 7.1% -0.1% 3,431 8.7% 8.4%
Nov 4,372.70 2.9% 3.6% 3,299 -3.8% 2.7%
BREAKDOWN BY GRADE (‘000 tonnes)
2022 LSFO LSFO LSFO 380 MFO MFO MFO MGO LSMGO Others
100 180 cst 180 380 500
cst cst cst cst cst
Jan 460.1 93 2007.9 0.1 1036.7 85.6 13.8 336.1 0
Feb 459.6 93.8 1733.1 0.2 795.9 128.1 10.6 280.5 0
Mar 555.1 100.6 1741.7 0 962.6 124.9 9.7 271.8 3.7
Apr 533 111.6 1832.6 0 914.5 27.2 7.9 278.6 36.7
May 540.2 103.3 1995.6 0 999.9 72.3 5.8 375.8 22.6
Jun 382.1 90.4 1881 0 1045.9 47.4 6.9 272.7 27.6
Jul 439.1 57.3 2009.1 0 1255.3 12 13.7 313.8 20.3
Aug 397.1 53.9 2059.5 0 1227.5 2.9 11.3 330.4 32.6
Sep 461.2 67.9 1944.4 0 1114.2 1.3 6.3 329.4 42.8
Oct 363.7 68.4 2154.3 0 1309.7 1.6 11.1 305.1 37.1
Nov 697.6 61.2 1992.9 0 1237.2 12.2 22.8 307.8 40.9
(Data from Maritime and Port Authority of Singapore)
(Reporting by Jeslyn Lerh; Editing by Louise Heavens)
More Stories
Lookers Volkswagen Preston wins Motability Awards
Most small crossovers fail to protect rear passengers in new IIHS crash test
10 Best Christmas Vacations in the World