Vladivostok Bunker Sales See 67.7% YoY Increase in 2017's First 8 Months

Friday September 1, 2017

The Administration of Seaports of Primorsky Territory and Eastern Arctic says bunker sales at the Russian Port of Vladivostok and its offshore terminals during the January to August 2017 period totalled 458,000 tonnes, a 67.7 percent year-on-year increase, up from 273,000 tonnes during the same period of 2016, IAA PortNews reports.

The number of bunkering operations at Vladivostok and its offshore terminals increased from 2082 to 2278 during the period.

95,700 tonnes of the total sales volume during the period is reported to have been sold at the offshore terminals, while with the rest was sold at the port.

During the period, the volume of fuel oil sold totalled approximately 360,600 tonnes, lubes totalled 70,500 tonnes, while the remaining amounts were diesel fuel.

Despite the increase in sales, volumes are still a fraction of what they were as recently as 2015.

As Ship & Bunker reported last year, the sharp decline in Russia's Far East market as a whole was said to be due to changes in to the way Russian authorities applied tax to bunker sales.