Singapore sunset. File image/Pixabay
Falling sales of the main bunker fuel grade of 380 CST in January have lopped 400,000 mt off the monthly total compared to a year ago, preliminary monthly sales data published by the Maritime and Port Authority (MPA) has shown.
The data records a total January figure for all products of 4,199,400 mt for Singapore compared to 4.6 million mt sold in the port in the same month last year.
This follows the pattern established in the annual figures. In 2017, the total volume of 380 CST sold in the port was 37.8 million mt. Last year, that figure dropped by 2 million to 35.7 million mt.
Sales of 500cSt product, the port's second most popular grade accounting for around 20% of overall sales, for 2018 increased by 566,200 mt over the 2017 total.
From next year, the global fleet must use bunker fuel capped at 0.5% sulfur or have the necessary abatement equipment installed onboard.