Singapore Posts Another Huge Month of Bunker Sales, 2015 Now Almost Certain to be Biggest Year Ever

by Ship & Bunker News Team
Tuesday December 15, 2015

After another huge month of bunker sales in Singapore last month, 2015 now looks almost certain to be the biggest ever for the world's biggest bunkering port by volume.

The latest preliminary data from the Maritime and Port Authority of Singapore (MPA) shows that November sales for all products was 3,984,000 metric tonnes (mt), a 12.3 percent increase over November 2014.

The monthly amount was the second highest of the year so far, but perhaps telling of how big a year it has been for bunker sales in Singapore, it was also the third best monthly total ever.

November was also notable as having recorded the highest ever sales of 500 cSt material at 820,100 mt - also the first time the product's monthly total has passed the 800,000 mt mark.

The overall November performance means that the year-to-date total for all products is 41,104,500 mt, just 2,049,300 mt less than the port's current best ever annual total of 43,153,800 mt achieved in 2011.

Given that Singapore's monthly sales volumes have been more than 2.2 million mt in every month since at least January 2007, with an average of a little over 3.3 million mt in that time, it now seems almost certain that 2015 will be its biggest year ever.

Moreover, since 2009 the December monthly total has been higher than the average of the proceeding 12 months.

As at November 2015 that average is a little over 3.7 million mt, meaning that for 2015 Singapore has a very real chance of being close to, if not exceeding, the 45 million mt mark.

To achieve that would mean December sales of over 3,895,500 mt, which would represent at least the fourth highest ever monthly sales.

In January Ship & Bunker reported that the country's 2014 annual volumes were just shy of 42.7 million mt.