Maritime News

Fujairah Bunker Sales Slide 2% in October



November 18, 2022

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Marine fuel sales at the United Arab Emirates’ Fujairah, the world’s third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.

Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.

The decline was led by a fall in low-sulphur bunker fuel sales, including low-sulphur fuel oil and marine gasoil. Total low-sulphur bunker fuel sales dipped 5% month-on-month at 513,346 cubic meters in October.

Buying inquiries slowed in October, with premiums for low-sulphur bunker fuel remaining volatile, Dubai-based market sources said.  

Meanwhile, bunker sales for 380-cst high-sulphur fuel oil rose 10% from September at 141,780 cubic meters.  

The market share of low-sulphur bunker volumes dipped to 78% in October, compared with 81% in September, the data showed.

Total bunker sales volumes (exlcuding lubricants) by month:

2022 TOTAL SALES (cubic metres) M-o-M Y-o-Y
Jan 646,089 -7.4% -4.3%
Feb 612,388 -5.2% -3.0%
Mar 691,141 12.9% 9.9%
Apr 664,870 -3.8% -1.4%
May 745,064 12.1% 11.6%
Jun 647,184 -13.1% -2.8%
Jul 665,128 2.8% -3.0%
Aug 723,418 8.8% 2.9%
Sep 667,878 -7.7% 5.0%
Oct 655,126 -1.9% -15.6%

Breakdown by month:

SALES BY GRADE (cubic metres)
2022 180cst LSFO
380cst LSFO
380cst HSFO MGO LSMGO Lubricants
Jan 288 497,670 119,747 1,215 27,169 5,341
Feb 150 462,035 125,389 1,395 23,419 5,234
Mar 369 527,677 129,293 1,096 32,706 5,469
Apr 1,084 512,565 116,621 1,873 32,727 5,193
May 453 555,151 154,721 1,087 33,652 5,713
Jun 372 482,926 132,690 1,287 29,909 5,036
Jul 262 518,374 112,223 1,032 33,237 4,864
Aug 528 549,205 142,548 1,607 29,530 4,869
Sep 589 508,277 128,515 1,210 29,287 5,269
Oct 984 481,052 141,780 1,164 30,146 4,269

(Data from the Fujairah Oil Industry Zone)

(Reuters – Reporting by Jeslyn Lerh; Editing by Janane Venkatraman)

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