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Market
update

14-07-2015

Singapore Bunker Sales Show Continued Improvement

Sales of 500 cSt material in June represented their highest ever proportion of the overall monthly sales total.

Singapore bunker sales during June were up 4.8 percent year-on-year to 3,536,000 metric tonnes (mt), according to the latest preliminary data from the Maritime and Port Authority of Singapore (MPA).

Despite falling back 4.6 percent\u00a0from last month's 13-month high, the result puts the world's biggest bunkering port's year-to-date volume at 21.56 million mt, its second best ever result for the first six months of a year and just behind the 21.74 million mt achieved for the period in 2012.

As always sales of IFO380 made up the majority of the overall monthly sales volume with 2,620,400 mt of product sold in June.

Sales of the port's second most popular product, 500 cSt, made a notable increase for the month to 725,800 mt, up from the 668,700 mt sold in June 2014 and an almost 3 percent gain over last month's total of\u00a0704,900 mt.

While not the highest ever monthly total, it represented the product's highest ever proportion of overall sales at 20.5 percent.

Another product seeing increased sales activity was Emissions Control Area (ECA) compliant low sulfur MGO (LSMGO), which now has year-to-date sales of 403,400 mt - almost four times the 110,900 mt sold during the same six month period in 2014.

MPA data showed that there were 3,246 calls for bunkers in June 2015, a six percent gain on the 3,074 recorded in June 2014.

In January Ship & Bunker reported that the port's annual sales have been mostly flat for the last three years at a little over 42 million mt, a feat the port is looking well placed to repeat in 2015.


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