Singapore’s bunker sales hit 10-month low in April
Singapore's April bunker sales fell to a 10-month low on weak very-low sulphur fuel oil (VLSFO) demand. But consumption of high-sulphur fuel oil (HSFO) and B24 biofuel bunkers remained firm.
- Singapore VLSFO bunker sales fell to at least a 15-month low of 2.25mn t in April, according to data from the Maritime and Port Authority of Singapore. This came because of slower demand as more buyers turned to lower-priced HSFO.
- Singapore HSFO sales accounted for a 42pc share of total fuel oil sales in April, up from a 31pc share a year earlier.
- Disruptions in the Red Sea led to increased fuel usage by ocean-going vessels with higher rates of scrubber technology adoption, raising demand for HSFO by a greater extent than for VLSFO.
- Consumption of bio-blended VLSFO, or B24, climbed by 61pc on the year because buying interest gained traction, but slipped by 10pc from strong consumption in March.
- LNG bunker sales rose by over sixfold on the year but edged down from a record high in March.
| Singapore bunker sales | 000t | ||||
| Apr-24 | m-o-m ± % | y-o-y ± % | Jan-Apr 2024 | ± % | |
| Low-sulphur fuel oil (LSFO) | 2,252 | -6.9 | -16 | 10,088 | -2.2 |
| Marine fuel oil (MFO) | 1,600 | 0.0 | 31 | 6,466 | 32 |
| Low-sulphur MGO (LSMGO) | 277 | -11.0 | -11 | 1,201 | -3.0 |
| Bio-blended LSFO | 60 | -10.0 | 61 | 186 | 53 |
| Liquified natural gas (LNG) | 36 | -7.9 | 582 | 111 | N/A |
| MGO | 9.7 | 88.0 | -37 | 43 | -9.2 |
| Marine diesel oil (MDO) | 0.0 | N/A | N/A | 0.0 | N/A |
| Bio-blended MDO | 0.0 | N/A | N/A | 0.0 | N/A |
| Bio-blended marine gasoil (MGO) | 0.0 | N/A | N/A | 0.0 | N/A |
| Bio-blended LSMGO | 0.0 | N/A | N/A | 0.0 | N/A |
| Bio-blended MFO | 0.0 | N/A | -100 | 0.0 | -100 |
| Ultra low sulphur fuel oil (ULSFO) | 0.0 | N/A | N/A | 0.0 | N/A |
| Bio-blended ULSFO | 0.0 | N/A | N/A | 0.0 | N/A |
| Methanol | 0.0 | N/A | N/A | 0.0 | N/A |
| Total | 4,235 | -4.7 | -0.6 | 18,096 | 8.9 |
| Source: MPA | |||||
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