Singapore’s Bunker Sales Grow For Second-Consecutive Month

Credit: Korie Jenkins Unsplash

According to preliminary figures from the Maritime and Port Authority of Singapore, Singapore’s total bunker sales reached their highest levels this year, says an article published on Engine.

Average stem size

A total of 3,299 vessels arrived for bunker calls in November, which was lower than 3,431 vessels in October. But the average stem size was about 86 mt larger than in October, at 1,324 mt.

Total VLSFO sales

VLSFO sales increased by 6% in November. But total VLSFO sales for the first 11 months of the year were still 9% lower compared to the same period last year.

Weaker VLSFO sales and fewer bunker calls were the main reasons for Singapore supplying 5% less bunker fuel in the first 11 months.

Multi-month highs

Singapore’s HSFO sales declined by 5% in November, after reaching multi-month highs in October.

They have steadily grown back-to-back since hitting a low in April, when chloride contamination issues surfaced to put an extra onus on quality screenings and complicated delivery procedures.

MGO sales increased by 5% in November.

Grade share

Fuel grade share of total sales in November (compared to year to date):

  • 63% VLSFO (63% YTD)
  • 29% HSFO (28% YTD)
  • 8% MGO (8% YTD)

All fuel grades were tight for prompt dates in November as it has been in recent months. Recommended lead times averaged 7-12 days.

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Source: Engine