Asia/Pacific News
Singapore Bunker Sales Growth a Function of Bunker Calls, Not Stem Size, Data Suggests
The 50 percent growth in Singapore bunker sales volumes over the last decade is almost entirely a function of the number of bunker calls, rather than an increase in stem size, data from the Maritime and Port Authority of Singapore (MPA) suggests.
The average bunker call in Singapore during 2015 saw 1,108 metric tonnes (mt) of fuel delivered, according to MPA data, almost identical to the average annual stem size of 1,107 mt for 2014.
Over the last decade, despite the annual bunker volume sold at the port having grown from around 28.4 million mt in 2006 to a record 45.1 million mt in 2015, there has only been a variance of 101 mt in the average annual stem size in that time - ranging from the 1,047 mt in 2006 to 1,148 mt seen in 2010.
There has been even less variance over the last the last seven years, with the average annual stem size ranging from 1,105 mt to 1,143 mt.
Highlighting this seemingly minimal impact of average annual stem size on annual sales volume is the fact that the average stem size in 2009 was 1,111 mt, just 3 mt more than 2015's average, but sales in 2015 were 24 percent higher than the 36.38 million mt sold in 2009.
Calls for bunkers in Singapore over the last decade have risen in-step with volumes, from 27,103 in 2006 to 40,763 in 2015.
