Asia/Pacific News
Singapore Year-to-Date Bunker Sales Continue at Record High
Singapore's year-to-date bunker sales have continued at a record high for a fifth consecutive month, the latest preliminary data from the Maritime and Port Authority of Singapore (MPA) shows.
Sales for the five months to May 2017 were a record 21,084,400 metric tonnes (mt) for all products, besting the previous highest total of the period of 20,297,700 mt set last year.
The preliminary monthly sales total for May is 4,180,600 mt, a slight dip of 4.2 percent year-on-year.
Sales of IFO380 product, as always, made up the majority of sales with 3,123,000 mt sold, while 500 cSt material made up its typical large proportion of the balance with 856,600 mt sold.
The 3,513 calls for bunkers during May put the average stem size at 1,190 mt, equal to the six month average.
