Fujairah bunker sales decline for third consecutive month

Lower sales across all grades contributed to dragging Fujairah’s total bunker sales down by 20% in April, according to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.

Changes in Fujairah bunker fuel sales from March to April:

• Total sales down by 20% to 124,000 mt
• VLSFO sales down by 17% to 81,000 mt
• HSFO sales down by 27% to 37,000 mt
• LSMGO sales down by 22% to 6,000 mt

Fujairah’s bunker sales dropped to multi-year lows in April, averaging around 4,000 mt/day, down by roughly 900 mt/day from March.

VLSFO, the most in-demand bunker fuel grade, saw sales decline by nearly 17,000 mt during the month.

HSFO sales also fell sharply, dropping by 14,000 mt to 37,000 mt in April. On a daily basis, HSFO sales averaged around 1,200 mt/day, down from 1,600 mt/day in March.

LSMGO sales declined by around 2,000 mt to 6,000 mt for the month.

As a result, Fujairah’s total bunker sales in the first four months of the year reached 1.4 million mt, representing a steep 41% decline compared to the same period last year.

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

• 65% VLSFO 380cst (63% YTD)
• 0.43% VLSFO 180cst (0.16% YTD)
• 30% HSFO (32% YTD)
• 5% LSMGO (5% YTD)
• 0.05% of 0.50% MGO (0.04% YTD)

By Tuhin Roy

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