Port of Singapore Maritime and Port Authority of Singapore
Ports & Terminals

Singapore bunker fuel sales rebound in October on higher vessel traffic

Reuters

Sales of marine bunker fuel in Singapore rose in October, following a slump the previous month, according to official data. Sales at the world’s largest bunker hub for ships totalled 4.82 million tonnes last month, up 1.1 per cent month-on-month, but 1.2 per cent lower than October last year, data from the Maritime and Port Authority of Singapore (MPA) showed.

Vessel calls for bunkering strengthened 6.7 per cent from September to 3,753 calls in October, while container throughput totalled 3.83 million twenty-foot equivalent units (TEU), up 1.7 per cent.

Sales for residual bunker fuels logged monthly gains for low-sulphur grades (VLSFO), up 3.5 per cent, while high-sulphur (MFO) grades were down 0.3 per cent. Total marine gasoil sales gained 5.5 per cent from September.

Meanwhile, sales of alternative fuels dipped slightly in October compared to the previous month. Total biofuel-blended bunker sales fell 47.2 per cent to 63,000 tonnes, while liquefied natural gas bunker sales strengthened 25.1 per cent to 60,600 tonnes for October, after hitting a fresh high in August.

(Reporting by Jeslyn Lerh; Editing by Rashmi Aich)