Overview  |  Methodology  |   Individual Market Volumes & Commentary
  2020 Full Year and Q4 Volumes |   2021 Q1 Volumes |   2021 Q2 Volumes

Overview

Demand at key marine fuel hubs jumped by 8.2% in the third quarter of 2021 from the suppressed demand levels seen during the COVID-19 pandemic a year earlier, and also rose in a less pronounced way from the second quarter of 2021, according to the latest market survey of bunker sales volumes in 17 leading global locations.

As in previous quarters, Ship & Bunker and consultancy BLUE Insight surveyed bunker market participants around the world alongside official data where available and found an average jump of 8.2% in volumes in the third quarter from the same period of 2020. The year-on-year rise compares with a 6.3% year-on-year gain from the initial shock of the COVID-19 period in the second quarter. Q3 volumes sequentially were 1.2% higher than in Q2 2021.

"The current quarter seems to reflect the steady return of demand we saw in Q2 and a demand recovery for 2021 close to 2019 levels," Adrian Tolson, director of BLUE Insight, told Ship & Bunker.

"Container-oriented supply locations show the most consistent performance, reflecting the Q3 global perspective of an improved -- perhaps normalizing -- global economy with high consumer demand.

"Notably some of the more oil-oriented supply locations such as Fujairah and West Africa performed well, perhaps driven by more traditional patterns of oil demand as a reflection of improved economic activity."

Methodology

As with the previous surveys the areas covered by the survey are Singapore, the Amsterdam-Rotterdam-Antwerp (ARA) hub, Fujairah, the US Gulf, South Korea, Russia, the Gibraltar Strait, Hong Kong, Panama, Zhoushan, Japan, New York, West Africa, South Africa, the Canary Islands, Los Angeles/Long Beach and Turkey.

Together these areas saw just under 134 million mt of demand in 2020, meaning they cover more than 60% of current global demand.

The survey covers only conventional marine fuels.

 

Individual Market Volumes & Commentary

Singapore

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

ARA 

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Gibraltar Strait

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Fujairah

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

US Gulf

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

South Korea

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Russia

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Hong Kong

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Panama

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Zhoushan

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Japan

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

New York

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

LA/Long Beach

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

West Africa

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Canary Islands

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

Turkey

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.

South Africa

  • Q3 2021 XXX million mt
  • Q3 2020 XXX million mt
  • Q2 2021 XXX million mt
  • Year-on-year change XXX%
  • Quarter-on-quarter change XXX%

Individual market commentaries are only available to subscribers. Click here to learn more and get instant access from just $49. Existing subscribers can sign in here.