Marine fuel sales at the European bunker hub in Q2 2018 totalled 2.36 million cubic metres, down from the 2.54 million cbm recorded in Q1 and below the 2.49 million cbm achieved in the same period in 2017.
Sales of fuel oil totalled 1.97 million cbm, the lowest quarterly volume for this grade in the last 10 years.
Marine gasoil sales remained relatively level, 334,053 cbm compared with 337,047 cbm in Q1.
Marine diesel oil sales fell sharply quarter on quarter – 25,208 cbm compared with 43,612 cbm in Q1 this year – but they were more in line with Q4 2017 volumes (25,647 cbm).
Lubes sales were also stable at 25,269 cbm compared to 26,203 cbm in the first quarter of the year.
There was a significant uptick in the sale of marine LNG at Rotterdam. Q2 volumes totalled 1,297 metric tonnes, compared to 729 mt in Q1. Half year marine LNG sales (2,026 mt) have already exceeded the 1,500 mt recorded for the full year in 2017.
Half year marine fuel sales at Rotterdam (4,904,818 cbm) are trailing 2017’s mid-point volumes (4,904,818 cbm).