Fujairah Bunker Sales See Growth in July Driven by Increased HSFO Demand

Fujairah’s total bunker sales experienced a positive uptick in July, surpassing the figures recorded in June. This increase was primarily driven by a significant spike in sales of High Sulfur Fuel Oil (HSFO), according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.

HSFO Sales Surge

HSFO sales in July saw a notable increase, climbing by 27,000 metric tons to reach 176,000 metric tons. This marks the highest level of HSFO sales since March, with daily sales volumes rising to approximately 5,700 metric tons per day, up from about 5,000 metric tons per day in June.

Decline in VLSFO Sales

Despite the overall rise in bunker sales, sales of the most in-demand product, Very Low Sulfur Fuel Oil (VLSFO), saw a decline of 4%, marking the lowest level since February. This contrasts with the strong performance in HSFO sales but still accounts for the majority of the port’s bunker sales.

Steady Performance of LSMGO

Sales of Low Sulfur Marine Gas Oil (LSMGO) remained stable, maintaining the same volume as June at around 26,000 metric tons. This consistency underscores LSMGO’s role as a reliable, though smaller, segment of the port’s overall fuel sales.

Year-Over-Year Growth and Fuel Grade Distribution

When compared to the same month last year, Fujairah’s total bunker sales in July were 6% higher, reflecting strong year-over-year growth. The distribution of fuel grade sales in July closely mirrors the year-to-date averages, with VLSFO 380cst comprising the largest share at 67%, followed by HSFO at 29%, and LSMGO at 4%.