Singapore's bunker sales finally increase in November
Singapore port's total sales of marine fuels in November rose against a year earlier for the first time this year to 4.08mn t.
This was up by 308,000t from October and 170,000t from a year earlier following 10 straight months of falls, according to provisional data from Singapore's Maritime and Port Authority.
Bunker sales during January-November are now down by 2.49mn t or 5.5pc compared with the same period last year.
Low-sulphur fuel oil (LSFO) sales in November more than doubled from the previous month to 1.65mn t, accounting for 40pc of total bunker sales. The higher viscosity LSFO 380cst accounted for the bulk or 1.29mn t.
Consumption of high-sulphur fuel oil (HSFO) posted another slump, with total sales of marine fuel oil 180cst, 380cst and 500cst in November falling by 887,000t from October to 1.9mn t.
Sales of low-sulphur marine gasoil (LSMGO) rose to another record high of 374,000t, up by 80,000t from October.
Argus reported an average of 15 bunker deals each day in November, split between five for HSFO, four for LSMGO and six for LSFO.
Singapore's delivered 380cst HSFO prices averaged $327/t in November, down from $360/t in October, Argus data showed.
An estimated 3,537 vessels called at Singapore to refuel in November, up from 3,442 vessels during the previous month.
By Sammy Six
source: Argus Media
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