Asia/Pacific News
Singapore Maintains Record High Bunkers Sales Momentum
The latest preliminary data from the Maritime and Port Authority of Singapore (MPA) shows that the port has continued to sell a record high volume of bunkers.
Bunker sales for all products in April were 3,665,900 metric tonnes (mt), a 2.5 percent increase month-on-month, pushing the total sales for the first four months of the year to a highest ever 14,319,500 mt.
The total is 214,000 mt higher than the previous record high for the four month period achieved in 2012.
The news follows Ship & Bunker's report last month that the world's top bunkering port by volume recorded its highest ever first quarter bunker sales of 10,653,600 mt for all products.
April 2015 sales for IFO380 were 2,741,500 mt which, as usual, formed the majority of the overall sales volume.
Sales of 500 cSt product edged up a little under 1 percent month-on-month to 726,300 mt, making up a now familiar 20 percent of the overall sales volume.
Vessel calls dipped 3.3 percent month-on-month and 5.9 percent year-on-year to 10,762, but calls for bunkers were up 2.7 percent over last month and 7.5 percent over the period last year to 3,384.
Last month Singapore bunker prices were said to be under pressure after the country's fuel oil stocks hit a two-year high as imports of Russian fuel oil trebled.
