Singapore marine bunker sales hit two-month low in November
Total volumes soften from previous month
Container throughput, bunker vessel calls fall
Bio-blended sales dip but hold above 100KT level
By Jeslyn Lerh
SINGAPORE, Dec 16 (Reuters) -Sales of marine bunker fuel at Singapore retreated to a two-month low in November after soaring in October, data from Maritime and Port Authority of Singapore (MPA) showed.
Bunker sales at the world's biggest ship refuelling hub totalled 4.46 million metric tons in November, down 8.5% month-on-month but higher by 4.6% from a year ago, the data showed.
Total vessel calls for bunkering fell 4.5% from the prior month to 3,296 in November, while container throughput dipped 4.7% to 3.34 million twenty-foot equivalent units (TEUs).
Volumes for the mainstay low-sulphur fuel oil grade totalled 2.4 million tons in November, down 4.6% from October, while volumes for high-sulphur marine fuel eased 13.1% to 1.58 million tons after reaching multi-year highs in October.
Spot demand has been largely lukewarm in November, with some market participants noting that the trend is extending into December. Bunker premiums have trended down to five-month lows this month, with some aggressive daily offers seen in the market, said sources.
Marine gasoil sales also softened month-on-month, totalling 338,300 tons for November.
Meanwhile, marine biofuel sales also retreated but remained above 100,000 tons, which was still a strong volume according to market participants.
More deliveries of marine biofuel have emerged this quarter amid liftings from major liners such as CMA CGM, which is in talks for a bigger biofuel bunker contract next year, said sources.
As for liquefied natural gas, bunker volumes fell 45.6% month-on-month to 27,500 tons, though market participants expect volumes to pick up from next year.
The MPA has launched an expression of interest to gather proposals for scaling up LNG for bunkering or ship refuelling, it said last week.
Singapore monthly bunker sales by grade in '000 tons:
Total | LSFO | Bio-blended LSFO | MFO | Bio-blended MFO | LSMGO | Bio-blended LSMGO | MGO | Bio-blended MGO | MDO | Bio-blended MDO | ULSFO | Bio-blended ULSFO | LNG | Methanol | |
Jan-24 | 4,906.1 | 2,861.1 | 45.3 | 1,658.8 | 0.0 | 317.0 | 0.0 | 13.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10.4 | 0.0 |
Feb-24 | 4,509.3 | 2,554.6 | 15.6 | 1,601.0 | 0.0 | 296.8 | 0.0 | 14.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26.9 | 0.0 |
Mar-24 | 4,445.1 | 2,419.9 | 66.0 | 1,605.4 | 0.0 | 310.0 | 0.0 | 5.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38.6 | 0.0 |
Apr-24 | 4,235.2 | 2,252.4 | 59.6 | 1,600.5 | 0.0 | 277.4 | 0.0 | 9.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 35.6 | 0.0 |
May-24 | 4,826.8 | 2,639.5 | 48.4 | 1,737.8 | 5.3 | 331.0 | 0.0 | 14.3 | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 | 48.8 | 1.6 |
Jun-24 | 4,274.9 | 2,331.1 | 45.3 | 1,557.6 | 2.5 | 278.8 | 0.0 | 8.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 51.7 | 0.0 |
Jul-24 | 4,668.7 | 2,485.7 | 42.5 | 1,780.7 | 6.1 | 308.8 | 0.0 | 1.8 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 43.2 | 0.0 |
Aug-24 | 4,559.5 | 2,444.4 | 55.2 | 1,694.8 | 11.2 | 300.4 | 0.7 | 6.4 | 0.7 | 2.0 | 0.0 | 0.0 | 0.0 | 45.6 | 0.0 |
Sep-24 | 4,384.8 | 2,248.0 | 92.4 | 1,640.0 | 16.5 | 334.7 | 0.0 | 11.6 | 0.0 | 3.0 | 0.0 | 0.0 | 1.7 | 36.9 | 0.0 |
Oct-24 | 4,878.6 | 2,514.2 | 116.2 | 1,820.2 | 21.7 | 343.3 | 0.0 | 8.0 | 0.0 | 4.0 | 0.0 | 2.2 | 1.0 | 50.6 | 0.0 |
Nov-24 | 4,463.1 | 2,398.4 | 99.3 | 1,582.6 | 14.0 | 337.8 | 1.3 | 0.5 | 0.0 | 5.0 | 0.0 | 3.0 | 0.9 | 27.5 | 0.0 |
(Data from Maritime and Port Authority of Singapore)
(Figures are based on latest available data at the time of publishing, and may be subject to revision at a later date, based on MPA.)
Reporting by Jeslyn Lerh; Editing by Varun H K
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