Bunker sales in June at the Port of Singapore totalled 3.83 million metric tonnes (mt), the lowest monthly volume in the year to date and the lowest recorded since September 2016, according to preliminary estimates published by the MPA.
In a year on year comparison, June sales were some way behind the 4.08 million mt achieved in the same month in 2016. The latest figures continue the downward trend seen in April and then in May when monthly sales fell back to 4.18 million mt, compared with 4.36 million mt recorded in May last year.
In the year to date, the strongest monthly sales were achieved in January, when volumes were 4.46 million mt. Sales of marine gasoil in June fell month on month to 49,600 mt, while IFO 380 cSt sales were, at 2.78 million mt, the lowest for the year to date, and the lowest since last September.
Conversely, monthly volumes of MFO 500 cSt were 882,000 mt, the second highest of the year.
Sales of LS MGO were down to 99,400 mt, the lowest figure for 2017.
The Maritime and Port Authority of Singapore (MPA) also reported that in June the number of vessels taking on bunkers at the port fell back 3.8% month on month to 3,378.