<\/p>\n
Marine fuel sales in Singapore recovered to hit 16-month highs in May, official data showed on Monday.<\/p>\n
Volumes at the world’s largest bunker hub for ships totalled 4.88 million metric tons, up 10.8% month-on-month and 1.1% higher year-on-year, according to data from the Maritime and Port Authority of Singapore (MPA).<\/p>\n
The uptick emerged as more vessels arrived in Singapore for container movements and bunkering.<\/p>\n
“Container throughput is at the highest in the year to date, likely due to front-loading shipments after the tariff pause on May 12,” said Ivan Mathews, head of APAC analysis at shipping analytics firm Vortexa.<\/p>\n
MPA data showed that container throughput climbed 5.5% month-on-month, hitting 3.83 million 20-foot equivalent units (TEUs) in May, while vessel calls for bunker edged 3.8% higher at 3,637 calls.<\/em><\/strong><\/p>\n Trade sources said that the jump was higher than expected, with several suppliers noting lower sales volumes in May and June to-date from their end, while bunker premiums have also been stable-to-softer through the second quarter. \u00a0<\/p>\n “It is very bad, premiums-wise. More shipping companies are cautious to buy bunkers now,” a fuel oil trader said, adding that bunker prices have surged in line with crude oil prices in recent sessions.<\/p>\n Sales of the mainstay 0.5% low-sulphur fuel oil (VLSFO) grade have risen 9.7% from April to 2.45 million tons in May, while high-sulphur marine fuel (MFO) volumes gained 11.3% at 1.89 million tons, MPA data showed.<\/p>\n Total marine gasoil sales were at 344,100 tons for May, up 9.3% month-on-month.<\/p>\n Meanwhile, sales of alternative fuels climbed. Total biofuel-blended volumes rebounded in May, climbing 26.8% at 140,800 tons, while liquefied natural gas bunker sales rose 7.2% to 45,000 tons.<\/p>\n (Data from Maritime and Port Authority of Singapore)<\/span><\/span><\/span><\/p>\n (Figures are based on latest available data and may be subject to revision at a later date, based on MPA) <\/p>\n (Reuters)<\/p>\n<\/p><\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" Marine fuel sales in Singapore recovered to hit 16-month highs in May, official data showed on Monday. Volumes at the world’s largest bunker hub for ships totalled 4.88 million metric tons, up 10.8% month-on-month and 1.1% higher year-on-year, according to data from the Maritime and Port Authority of Singapore (MPA). The uptick emerged as more …<\/p>\n","protected":false},"author":1,"featured_media":62304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-62303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/62303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=62303"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/62303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/62304"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=62303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=62303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=62303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}