Fujairah bunker sales fell for fourth straight month
Weaker sales across all fuel grades weighed on Fujairah’s bunker market, causing total sales to fall 24% in April, according to FOIZ and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from April to May:
- Total sales down by 24% to 95,000 mt
- VLSFO sales down by 30% to 57,000 mt
- HSFO sales down by 15% to 31,000 mt
- LSMGO sales down by 2% to 6,000 mt
Fujairah’s bunker fuel sales fell to multi-year lows in May, averaging around 3,000 mt/day, down by roughly 1,000 mt/day from April.
Sales of VLSFO, the port’s most widely consumed bunker grade, declined by nearly 24,000 mt during the month. On a daily basis, VLSFO sales averaged around 1,800 mt/day in May, compared with 2,700 mt/day in April.
HSFO sales also weakened, falling by about 6,000 mt, to 31,000 mt, for the month. Meanwhile, LSMGO sales edged down by 2%, to 6,000 mt.
As a result, Fujairah’s total bunker fuel sales for the first five months of the year reached 1.5 million mt, representing a steep 50% decline from the same period last year.
Fuel grade share of total sales in May (compared to year-to-date):
- 60% VLSFO 380cst (62% YTD)
- 0.21% VLSFO 180cst (0.16% YTD)
- 33% HSFO (32% YTD)
- 6% LSMGO (5% YTD)
- 0.34% of 0.50% MGO (0.06% YTD)
By Tuhin Roy
Please get in touch with comments or additional info to news@engine.online
