- Singapore’s bunker fuel sales rose both on the month and year in July, in line with increased demand from traders and vessel owners.
- Bunker sales totaled 4.5mn t in July, up by 9.6pc on the year and by 15pc on the month.
- The rise was in response to stronger demand during the month for bunkering from vessel owners.
Singapore sold around 1,600 mt/day of bio-bunkers in July, almost steady with June levels, reports Engine, according to preliminary figures from the port authority.
Bunker sales rise with demand
Singapore’s bio-blended bunker sales rose by 2% in July, following three months of decline.
In July, most of the 49,000 mt of bio-blended bunkers sold were VLSFO blended with a bio component, typically around 24% in Singapore.
Bio-HSFO sales doubled in July and accounted for nearly 13% of the total bio-blended bunker sales in Singapore. Total biofuel bunker sales for the first seven months of this year reached 337,000 mt, a significant increase of 44% from approximately 234,000 mt sold during the same period last year.
Meanwhile, LNG sales dropped by 16% in July after growing for two consecutive months. Around 1,400 mt/day of LNG was sold in July, down from 1,700 mt/day in June.
No methanol sales have been recorded since May.
Changes in Singapore alternative fuel sales between June and July:
- Bio-VLSFO sales down from 45,000 mt to 43,000 mt
- Bio-HSFO sales up from 3,000 mt to 6,000 mt
- LNG sales down from 52,000 mt to 43,000 mt
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Source: Engine
