Singapore’s conventional bunker sales declined by 8% in February
Fewer vessels arriving for bunkers contributed to drag the port’s total bunker sales 8% lower in the shorter February month.
Monthly Singapore bunker sales since January 2019
Changes in bunker sales from January to February:
- Total sales down 384,000 mt to 4.47 million mt
- VLSFO sales down 307,000 mt to 2.55 million mt
- HSFO sales down 58,000 mt to 1.60 million mt
- MGO sales down 19,000 mt to 311,000 mt
Suppliers in Singapore sold about 154,000 mt/day of bunkers in February, down from 156,000 mt/day in January, according to preliminary figures from the Maritime and Port Authority of Singapore.
A total of 3,359 vessels arrived for bunkers in February, a drop of 392 from January's 3,751 and also the lowest since last June. At 1,330 mt, the average stem size in February was bigger than 1,293 mt in January.
VLSFO, MGO and HSFO sales declined by 11%, 6% and 3%, respectively, in February.
Meanwhile, total bunker sales across the first two months of this year were 14% higher compared to the same period last year. This is primarily because 9% more vessels arrived for bunkers in the first two months of the year than last year.
Bunker fuel sales by grade in February
Fuel grade share of total sales in February (compared to year to date):
- 57% VLSFO (58% YTD)
- 36% HSFO (35% YTD)
- 7% MGO (7% YTD)
By Tuhin Roy
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