World News
Singapore Monthly Bunker Sales Over 4 Million mt for Second Consecutive Month
Singapore has followed its record bunker sales volume for full year 2015 with strong bunker sales for the first month of 2016, the latest preliminary data from the Maritime and Port Authority of Singapore (MPA) shows.
January's total of 4,134,000 metric tonnes (mt) for all products marks the port's second highest ever monthly total, and only the third time monthly sales have been over 4 million mt.
All three of those occasions have come in the last six months (August 2015 and December 2015 being the previous two) and as an indication of how strong recent sales have been in the world's biggest bunkering port, totals of 12.2 million mt, 24.0 million mt, and 35.0 million mt, and 45.6 million mt for the previous three, six, nine, and twelve month periods respectively are also all their respective highest ever.
As always, sales of IFO380 product made up the majority of sales at 3,204,300 mt.
500 cSt, the port's second most popular grade, was 723,700 mt, making up 17.4 percent of overall sales - slightly lower than the 19.0 percent average over the last 12 months.
There were 3,640 calls for bunkers during the month, the second highest ever.
Last month Ship & Bunker reported that Chemoil International Pte Ltd (Chemoil) had been named by the MPA as 2015's biggest supplier by volume, replacing BP Singapore Pte Ltd (BP) who had held the title for the previous 11 years.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
Popular Now More
-
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 16The firm will acquire majority ownership of the Spanish firm for an undisclosed sum, subject to closing conditions and regulatory approvals. -
Apr 15The Athens branch manager of global marine fuel supplier and trading firm Monjasa has stepped down from his role at the company.