Singapore’s marine fuel sales in November were largely unchanged from the previous month, official data showed on Monday.

Sales at the world’s largest bunker hub for ships totalled 4.82 million metric tons in November, up 0.1% month-on-month, though rising 8.0% year-on-year, according to the Maritime and Port Authority of Singapore (MPA).

Some aggressive selling last month dampened price premiums but led to higher sales, market sources said.

Premiums for delivering mainstay low-sulphur marine fuel (VLSFO) softened in November compared to October, dipping below $10 a metric ton to fuel oil cargo prices, according to sources.

Volumes for VLSFO climbed 3.2% month-on-month to 2.51 million tons, while high-sulphur marine fuel (MFO) sales dipped 2.6% at 1.82 million tons, based on MPA data. Meanwhile, total marine gasoil sales fell 6.3% to 369,400 tons in November.

As for alternative marine fuels, both bio-blended sales and liquefied natural gas sales dipped, though a rare delivery of methanol emerged for the first time this year. The last delivery was in May 2024.

Singapore’s Global Energy supplied about 3,000 tons of methanol to a container vessel of Maersk during a joint trial with MPA for methanol bunkering, according to a social media post by the MPA.

Meanwhile, sales of bio-blended fuels declined for a third consecutive month, hitting a year-to-date low of 62,200 tons. LNG bunker sales fell 9.2% from October to 55,000 tons in November.

Vessel calls for bunkering slowed 3.2% to 3,632 calls in November, while container throughput totalled 3.7 million twenty-foot equivalent units (TEUs), also down 3.2%.
Source: Reuters