Singapore Sees Fewer Calls for Bunkers in October, but Overall Volume Remains Flat at 4 Million mt

Monday November 13, 2017

Singapore's October bunker sales remained flat year-on-year at just over 4 million metric tonnes (mt), according to the latest data released today by the Maritime and Port Authority of Singapore (MPA).

MPA's preliminary October 2017 total for all products was 4,005,300 mt, down just 3,500 mt (less then three average stems) compared to 4,008,800 mt sold during the month in 2016.

As always 380 cSt material made up the largest share of the sales with 3,067,100 mt sold during the month.

500 cSt product remained the second most popular grade with 696,700 mt sold, but this volume was the lowest monthly total since February 2016 and well below the grade's trailing twelve month (TTM) monthly average sales of 845,760 mt.

Consequently, 500 cSt made up 17.4% of the overall October sales total compared to a TTM average of 20.3%, while 380 cSt sales represented 76.6% of the total compared to a TTM average of 74.5%.

Calls for bunkers dropped to 3,322 from 3,507 in October 2016, but a higher average stem size of 1,206 mt (vs 1,158 mt a year ago) kept October's overall sales flat year-on-year.

Total sales for the past 12-months to October 2017 now stand at 50,071,400 mt, and the world's biggest bunkering port looks on track to beat the annual record 48.6 million mt it sold in 2016.