Singapore marine gas gross sales fell to their lowest in 20 months in February, official information confirmed on Friday.
Volumes on the world’s high bunker hub totalled 4.15 million metric tons, down 7.1% month on month and sliding 8.1% yr on yr, information from Maritime and Port Authority of Singapore (MPA) confirmed.
Weak demand has weighed in the marketplace because the begin of the yr, dragging premiums down, commerce sources stated.
Vessel requires bunkering fell by 14.1% from the prior month to three,075, hitting two-year lows, information confirmed.
Gross sales of the mainstay 0.5% low-sulphur gas oil (VLSFO) softened sharply in February, totalling 2.07 million tons and hitting multi-year lows.
Singapore delivered-basis bunker premiums for VLSFO logged year-to-date lows, sliding to single digits by late February after holding in low $10s in January, sources stated.
Excessive-sulphur marine gas (MFO) volumes dipped 1.9% at 1.62 million tons, although edging greater yr on yr.
In distinction, whole marine gasoil gross sales rose 21.2% month on month at 314,600 tons.
Gross sales of different fuels held steady to greater. Marine biofuel volumes rose 2.8% to 110,900 tons, whereas a supply for B100 or 100% biofuel was recorded for the primary time.
In the meantime, liquefied pure fuel (LNG) bunker gross sales greater than quadrupled to 30,000 tons in February.
Container throughput at Singapore fell by 5.2% to three.32 million twenty-foot equal items (TEUs) in February, their lowest degree since final September.
Whole
LSFO
Bio-blended LSFO
MFO
Bio-blended MFO
LSMGO
Bio-blended LSMGO
MGO
Bio-blended MGO
MDO
Bio-blended MDO
ULSFO
Bio-blended ULSFO
B100
LNG
Methanol
Ammonia
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
0.0
10.4
0.0
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
0.0
26.9
0.0
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
0.0
38.6
0.0
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
0.0
35.6
0.0
0.0
Could-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
0.0
48.8
1.6
0.0
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
0.0
51.7
0.0
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
0.0
43.2
0.0
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
0.0
45.6
0.0
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
0.0
36.9
0.0
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
0.0
50.6
0.0
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
0.0
27.5
0.0
0.0
Dec-24
4,790.0
2,429.6
94.1
1,875.1
12.0
327.1
0.4
3.4
0.0
6.0
0.0
0.9
0.0
0.0
48.3
0.0
0.0
Jan-25
4,461.7
2,431.3
92.0
1,655.3
16.0
256.5
0.0
3.1
0.0
7.0
0.0
0.0
0.0
0.0
6.6
0.0
0.0
Feb-25 *
4,145.1
2,065.1
85.0
1,624.4
22.1
305.7
0.0
8.9
0.0
8.0
0.0
0.9
0.0
3.8
30.0
0.0
0.0
(Knowledge from Maritime and Port Authority of Singapore)
(Figures are based mostly on newest accessible information and could also be topic to revision at a later date, based mostly on MPA.)
(Reuters)
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