EMEA News
Rotterdam 2024 Bunker Sales Drop to Four-Year Low
Annual bunker fuel sales at Rotterdam, the world's second-largest bunkering location, sank to the lowest level in four years in 2024.
The port saw a total of 9.4 million mt of conventional bunker and biofuel blend sales last year, down by 2.5% from 2023's level and the lowest total since 2020, according to the latest data from the Port of Rotterdam.
Separately, LNG bunker sales surged by 52% on the year to 941,366 m3, a record high.
On a quaraterly basis, for 2024 Q4 total conventional and biofuel sales reached 2.3 million mt in the three months to December 31, the lowest level since Q4 2023. The total was down by 5.2% from the previous quarter but up by 10.3% on the same period a year earlier.
Conventional VLSFO sales in Q4 gained 19% on the year to 810,831 mt, HSFO jumped by 33.6% to 780,437 mt, ULSFO rose by 16.4% to 193,567 mt, MGO advanced by 29.3% to 275,977 mt and MDO sank by 19.1% to 119,926 mt. Biofuel blend sales dropped by 49.2% to 118,201 mt.
HSFO's share of total conventional and biofuel demand was 34%, up from 31% a year earlier.
At the same time, LNG bunker sales jumped by 76.6% on the year to 263,068 m3 in Q4.
