World News
Rotterdam's 2014 Annual Bunker Sales Up on Increased Distillate Sales
The Port of Rotterdam Wednesday announced that its annual bunker sales volumes last year rose at the port for the first time since 2011, with sales of diesel and marine gasoil (MGO) driving the growth.
Europe's biggest bunkering port said sales reached 10.6 million tonnes in 2014 compared to 10.4 million tonnes in 2013.
The rise was attributed entirely to higher sales volumes of diesel and MGO, particularly as a result of more stringent sulfur rules introduced on January 1, 2015.
Distillate sales hit 700,000 tonnes, up from 500,000 tonnes the previous year, but the Port of Rotterdam said shipowners had waited as late as possible to bunker the lower sulfur fuels with December sales alone constituting a combined 125,000 tonnes.
Sales of fuel oil stabilised at 9.8 million tonnes for 2014, halting a yearly decline in recent years.
The Port of Rotterdam said although the use of scrubber technology and LNG bunkers were alternatives to using distillate for compliance with 2015 Emissions Control Area (ECA) rules, "the market is making little use of these options (as yet)."
On Tuesday, the Maritime and Port Authority of Singapore (MPA) announced its sales volumes were slightly down in 2014, at 42.4 million tonnes compared to 42.7 million in 2013.
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 |
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