Asia/Pacific News
Singapore's February Bunker Sales See Big Month-on-Month Drop
Bunker sales for the month of February in Singapore, the world's largest bunkering port by volume, slid 18.8 percent month-on-month to a three year low of 3,076,400 metric tonnes (mt) for all products, official data published by Maritime and Port Authority of Singapore (MPA) has shown.
The dip came as little surprise to most industry observers, as February is a short month which played host to the Chinese New Year break, as well as a number of other world regional holidays including Carnival.
The total was just half of one percent lower than the 3,092,700 mt sold in February last year.
Key grade IFO380 was down 19.24 percent to 2.366 million mt, while IFO180 made a drop of 29.9 percent to 69,900 mt.
500 cSt product, the port's second most popular grade of marine fuel by volume, dipped 15.4 percent month-on-month to 492,000 mt, but was up 21 percent year-on-year.
Vessel arrivals were down 10.4 percent to 10,363, the lowest since the 10,120 in February last year, while bunkers only calls dropped 12.6 percent to 2,898.
