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SINGAPORE DATA: Feb bunker sales rise 8.3% on year to 3.8 million mt

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SINGAPORE DATA: Feb bunker sales rise 8.3% on year to 3.8 million mt

Highlights

High sulfur bunker sales lead year-on-year growth

Proportion of high sulfur bunker sales trends higher

  • Author
  • Rajesh Nair
  • Editor
  • Sarah Mishra
  • Commodity
  • Oil Shipping

Bunker fuel sales at the world's largest bunker hub of Singapore rose 8.3% year on year to 3.794 million mt in February, but were down 13.3% month on month, Maritime and Port Authority of Singapore preliminary data published March 14 showed.

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Sales of International Maritime Organization-compliant bunker fuel rose to 2.348 million mt in February, up 8.3% year on year, while it was down 16.2% from 2.801 million mt in January.

The proportion of low sulfur bunker sales inched lower to 61.89% of total sales, down from 64% in January and 65.32% in February 2022.

Sales of high sulfur bunker, which includes 180 CST, 380 CST and 500 CST grades, rose 20% year on year to 1.109 million mt, while it was down 9.5% from January's 1.226 million mt.

High sulfur bunker sales accounted for 29.24% of the total, up from 28.01% in January and 26.37% from a year ago.

Sales of low sulfur marine gasoil, which has a maximum sulfur content of 0.1%, rose 5.9% year on year to 297,000 mt, but were down 5.3% month on month.

The number of bunker-only calls at the Port of Singapore reached 3,063 in February, down from 3,447 in January, but up from 2,805 a year ago.

Singapore's bunker sales in February:

Bunker Sales (in '000 tonnes) Feb-23 Feb-22 YOY Jan-23 MOM
MGO 6.2 10.6 -41.5 10.8 -42.6
MDO 0.0 0.0 - 0.0 -
MFO 180 CST 0.0 0.2 -100.0 0.0 -
MFO 380 CST 1,105.6 795.9 38.9 1,226.1 -9.8
MFO 500 CST 3.7 128.1 -97.1 0.0 -
LSMGO 297.0 280.5 5.9 313.7 -5.3
LSFO 100 CST 346.4 461.6 -25.0 429.4 -19.3
LSFO 180 CST 63.5 93.8 -32.3 73.6 -13.7
LSFO 380 CST 1,938.5 1,733.5 11.8 2,298.3 -15.7
LSFO 500 CST 0.0 0.0 - 0.0 -
ULSFO 0.0 0.0 - 0.0 -
Others 33.4 0.0 - 25.0 33.6
Total 3,794.3 3,504.2 8.3 4,376.9 -13.3

Source: Maritime and Port Authority of Singapore