World News
Singapore 2014 H1 Bunker Sales On Par with Last Year
June bunker sales in the port of Singapore were down 7.25 percent month-on-month and down 3.00 percent year-on-year to 3,373,800 metric tonnes (mt), according to the latest data published by the Maritime and Port Authority of Singapore (MPA).
Despite the dip in volumes, year-to-date sales for the first 6 months of 2014 are on par with the same period in 2013 at 20,844,400 mt, just 42,300 mt less than the sales total at this point last year.
For June 2014 sales of the port's most popular grade of bunkers, IFO380, were 2,479,800 mt, a drop of 8.22 percent compared to last month, while 500 cSt product, still by far the port's second most popular grade, was down 6.89 percent month-on-month to 668,700 mt.
Vessel calls at the port for the month were down just 3.12 percent over last month to 11,227, and calls for bunkers dropped 6.85 percent month-on-month to 3,074, 153 fewer than in June 2013.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.