VLSFO rebounds, nudging Singapore’s conventional bunker sales higher
Singapore sold about 157,000 mt/day of conventional bunkers in November, up from 151,000 mt/day in October.
Changes in Singapore’s conventional fuel sales between October and November:
- VLSFO sales up from 2.43 million mt to 2.51 million mt
- HSFO sales down from 1.87 million mt to 1.82 million mt
- LSMGO sales down from 392,000 mt to 366,000 mt
- 0.50 % MGO sales up from 2,000 mt to 3,000 mt
- ULSFO sales unchanged at zero
Singapore’s conventional bunker fuel sales edged up to about 4.70 million mt in November, according to preliminary data from the Maritime and Port Authority (MPA).
That was only around 6,000 mt higher than October’s 4.69 million mt, but the shorter month lifted the daily average by roughly 5,000 mt/day. It was still below the summer peak when August volumes topped 4.76 million mt.
VLSFO remained the dominant grade, accounting for roughly 53% of conventional bunker sales in November. Its 2.51 million mt total marked the highest monthly VLSFO volume since August and offset declines in other grades.
HSFO demand softened from October’s multi‑month high to around 1.82 million mt, trimming its share to about 39%.
LSMGO sales continued to trend lower from their July peak,settling at roughly 366,000 mt, or about 8% of the conventional bunker pool. Sales of 0.50% MGO remained tiny at less than 3,000 mt, while no ULSFO sale was reported.
Across the first 11 months of 2025, conventional bunker sales have reached roughly 49.5 million mt, about 520,000 mt (1%) more than in the same period of 2024.
HSFO volumes are up by about 1.3 million mt (7%) year-on-year, and LSMGO has grown by roughly 410,000 mt (12%). VLSFO has slipped by about 1.15 million mt (4%), and 0.50% MGO has fallen by some 64,000 mt as demand for that grade remains negligible. ULSFO volumes remain insignificant at around 4,500 mt for the year so far.
By Erik Hoffmann
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