Singapore October bunker fuel sales hit 3-month high
(Reuters) - Singapore's marine fuel sales, also known as bunker sales, rose to a three-month high in October as both vessel calls and container throughput grew, official data showed on Tuesday.
Sales in October totaled 4.401 million metric tons, up 3.2% from the prior month and 3.5% higher year-on-year, latest data from the Maritime and Port Authority (MPA) showed.
Bunker sales in Singapore are a key indicator of sentiment at the world's largest ship refueling hub, which is also one of the busiest shipping lanes globally.
Singapore's container throughput was 1.1% higher from September's levels, at 3,241,200 twenty-foot equivalent units in October. The number of vessel calls for bunkering stood at 3,206 last month.
Low-sulfur fuel oil (LSFO) sales for bunkering totaled 2.52 million tons in October, up 2.7% from September, while high-sulfur marine fuel oil (MFO) sales were at 1.45 million tons in October, down 1.5% from the prior month.
ALTERNATIVE FUELS
Sales of bio-blended LSFO rose to 76,800 tons in October, the highest monthly level since MPA records started in 2022.
The total bio-blended LSFO sales were at 401,260 tons in the first 10 months this year, the data showed.
October bunker sales of liquefied natural gas (LNG) reached a three-month high of 16,100 tons, more than double from September. Overall LNG sales for the first 10 months hit 94,480 tons.
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