Singapore bunker sales dip in February

Singapore bunker fuel sales totalled 3.27mn t in February, up by 6.5pc from a year earlier as average vessel requirements increased by 9.6pc from January levels.

February sales were lower by 7.8pc from January's 3.55mn t. An estimated 2,891 vessels called at Singapore for refuelling last month, only seven less than in February 2013, according to preliminary data from the Maritime and Port Authority of Singapore. Average vessel requirements rose to 1,133t, up by 2.9pc from the 12-month average of 1,101t.

Sales of 380cst high-sulphur fuel oil were 2.52mn t in February, down by 8.4pc from a month earlier but 6.6pc higher compared with February 2013. Sales of high-sulphur 500cst fell by 17.5pc from January, the largest drop of any product, to 524,000t. Sales of the low-sulphur 380cst grade rose by 22pc over the period to 47,000t.

Singapore bunker sales in the first two months of this year totalled 6.83mn t, only 28,000t below the corresponding period last year.

jb/kaf