S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
Our Methodology
Methodology & Participation
Reference Tools
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
Our Methodology
Methodology & Participation
Reference Tools
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
Maritime & Shipping, Refined Products, Wet Freight, Fuel Oil
October 15, 2025
By Claudia Carpenter and Nicholson Lim
HIGHLIGHTS
Sales fall 1.8% from August
HSFO sales jump 22% to record high
Ship fuel sales at the UAE's Port of Fujairah, the world's third-largest bunkering hub, dropped 1.8% in September from August, with all categories except for high-sulfur fuel oil showing declines, according to Fujairah Oil Industry Zone data published Oct. 15.
The total fell to 643,265 cubic meters, the lowest in three months. However, it was also 3.8% higher than in September last year.
Sales of 380 CST low sulfur fuel oil, which accounts for the bulk of the total, were 371,840 cubic meters in September, down 12% from August, while sales of 380 CST HSFO marine fuel jumped 22% to 229,636 cubic meters over the same period.
HSFO made up 36% of sales, up from 29% in August, while LSFO's share -- including both 180 CST and 380 CST material -- dropped to 58% from 65% over the same period.
Since 2025 through September, HSFO sales accounted for 29% of total bunker sales, decreasing by 1.5 percentage points from its share in 2024, yet still increasing from 24.2% and 19.6% in 2023 and 2022, respectively.
380 CST HSFO bunker sales for September, the only product across all grades to record a monthly increase, rose 57% year over year and reached a record high since the FOIZ data was first available in January 2021.
The Platts-assessed Fujairah-delivered 380 CST HSFO bunker premium to the 380 CST 3.5%S FOB Arab Gulf fuel oil cargoes jumped to an average of $40.15/mt over Oct. 1-15, up from $13.59/mt for all of September and $12.50/mt in August.
LSFO volumes, including both the 180 CST and 380 CST grades, dropped 15.5% year over year, with September's sales being the lowest since the 368,688 cu m recorded in June earlier this year.
Platts, part of S&P Global Commodity Insights, assessed the Fujairah-delivered LSFO marine fuel premium over the FOB Singapore cargo values to average $12.96/mt over Oct. 1-15, compared to $13.15/mt in September and significantly higher than the $7.68/mt in August.
Meanwhile, low sulfur marine gasoil sales declined 3.3% month over month to a three-month low of 36,405 cu m in September, despite a significant 32.2% increase from the previous year.
UAE's Fujairah ship fuel sales | |||||
| Sep-25 | Aug-25 | MOM | Sep-24 | YOY | |
| Low sulfur fuel oil 180 CST | 1,045 | 1,093 | -4.4% | 901 | 16.0% |
| Low sulfur fuel oil 380 CST | 371,840 | 422,787 | -12.1% | 440,168 | -15.5% |
| Marine fuel oil 380CST | 229,636 | 188,637 | 21.7% | 146,131 | 57.1% |
| Marine gasoil | 75 | 339 | -77.9% | 194 | -61.3% |
| Low sulfur marine gasoil | 36,405 | 37,646 | -3.3% | 27,535 | 32.2% |
| Lubricants | 4,264 | 4,698 | -9.2% | 4,689 | -9.1% |
| Total | 643,265 | 655,200 | -1.8% | 619,618 | 3.8% |
| Unit: cubic meters | |||||
| LSFO proportions | 58.0% | 64.7% | 71.2% | ||
| HSFO proportions | 35.7% | 28.8% | 23.6% | ||
| LSMGO proportions | 5.7% | 5.7% | 4.4% | ||
| Total sales (barrels) | 4,046,017.03 | 4,121,085.96 | 3,897,281.81 | ||
| Total sales (mt) | 637,168.04 | 648,989.91 | 613,745.17 | ||
| Source: FEDCom/S&P Global Commodity Insights | |||||
Products & Solutions
Editor: