Bunker demand in Singapore declined on each a yearly and month-to-month foundation in April as contamination issues and the continuing Russia disaster hit gross sales on the world’s largest marine fuels hub.
The city-state’s whole demand slipped to 3.7 million mt in April, in line with preliminary information from the Maritime and Port Authority, down by 12.1% from the identical month a yr earlier and by 0.7% from March’s degree.
The whole was dragged down on a month-to-month foundation by HSFO gross sales after 80 ships reported injury from shopping for contaminated HSFO in Singapore in February and March.
VLSFO gross sales rose by 3.3% on the month to 2.5 million mt, HSFO misplaced 13.4% to 941,700 mt, distillates superior by 1.8% to 286,500 mt and different fuels rose nearly ninefold to 36,700 mt. HSFO’s share of the overall was 25.2%, down from 25.6% from the identical month a yr earlier and from 28.8% in March.
The area of interest LNG bunker market in Singapore continues to develop, after seeing whole gross sales of 50,000 mt final yr, however LNG gross sales aren’t but being included in the month-to-month figures.
Slow Start to 2022
Singapore’s gross sales are persevering with to say no after hitting the bottom degree since 2015 in the primary quarter. The contamination issues in February and March can have performed a big position in the decline, however the regular phasing out of Russian oil because the invasion of Ukraine in late February might also be an element in its underperformance.
There had been 3,025 vessel calls for bunkers in April, 0.2% greater than the extent seen a month earlier. That left the common stem dimension final month at about 1,237 mt, in contrast with the 12-month common of 1,273 mt.
Bulker Decline
The whole gross tonnage visiting Singapore dropped by 6% on the yr to 240 million mt. This decline was led by the bulker phase, which misplaced 6.8 million mt, and by a 3.7 million mt drop in tanker tonnage.
Container tonnage arrivals misplaced 1.4 million mt on the yr.
The obligatory mass stream meter techniques used to measure all bunker deliveries in Singapore include a +/-0.5% margin of error, a degree thought of extra correct than conventional measurement techniques used at most different ports with the additional advantage of all however eradicated volumetric malpractice.
Only licensed corporations can provide bunkers in Singapore, and the MPA calculates gross sales based mostly on the bunker supply notes of these corporations.
About Jack Jordan
Jack Jordan is the Managing Editor of Ship & Bunker, the world’s most learn marine fuel-focused publication.
He is an skilled monetary editor and reporter with a first-class diploma in Arabic and Russian, a postgraduate diploma in newspaper journalism and a number of other years’ historical past of protecting the oil and transport industries and capital markets.
Jack relies in London, UK.
About Ship & Bunker
Ship & Bunker is the world’s most learn publication centered on the marine gas markets. Completely unbiased, it’s the main trade authority offering complete each day information, unique in-depth options and evaluation, together with each day & historic bunker worth indications.
To contact the editor liable for this story e mail us at [email protected]
S&B ANALYSIS: Singapore Bunker Sales Slip Further in April & More Latest News Update
S&B ANALYSIS: Singapore Bunker Sales Slip Further in April & More Live News
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