Bunker demand in Singapore is still rising year on year. Image Credit: File Image / Pixabay
Bunker sales in Singapore, the world’s largest marine fuels hub, continued to climb on the year in February despite the COVID-19 pandemic disrupting supply chains and stymying global shipping.
Total sales advanced by 2.63% on the year to 3.879 million mt last month, according to preliminary data released Friday by Singapore’s Maritime and Port Authority (MPA).
Low sulfur fuel oil and 0.5% sulfur marine gasoil sales together took up 72% of sales at 2.798 million mt.
High-sulfur fuel oil sales totalled 619,900 mt, or 16% of total demand.
But total sales declined markedly from January’s level, losing 14.1% month on month.
Year-to-date sales are up by 5.2% from the first two months of 2019, according to the MPA data.