Singapore Bunker Sales Rise 7.4% in November | Mariner News
Singapore bunker sales surged impressively in November, marking a significant 7.4% year-on-year increase. This robust growth in marine fuel demand underscores the city-state’s enduring role as the world’s leading bunkering hub, driven primarily by a rise in vessel calls seeking essential fuel supplies. The latest figures highlight a thriving maritime sector.
Strong Growth in Marine Fuel Demand
The Maritime and Port Authority (MPA) reported that Singapore’s total demand for conventional and biofuels reached 4.76 million metric tons (mt) in November. This volume represents a 7.4% rise from the previous year and a slight 0.1% increase from October’s figures. If this trend continues, Singapore’s annual bunker sales for 2025 are projected to reach 55.36 million mt, surpassing 2024’s record high by 1.6%.
Product Trends: VLSFO and HSFO Insights
VLSFO (Very Low Sulphur Fuel Oil) sales were a significant contributor to this growth, reaching 2.51 million mt in November. This marks the second consecutive month of increase and the highest volume recorded since November 2024. VLSFO figures were up 3.3% from October and 4.8% from the previous year, indicating a strong preference for this marine fuel type.
Conversely, HSFO (High Sulphur Fuel Oil) sales totaled 1.82 million mt, a 2.6% dip from October but a notable 14.9% increase year-on-year. HSFO accounted for 38.2% of November’s total bunker sales, reinforcing its importance in the global shipping landscape. These product breakdowns offer valuable insights into the evolving dynamics of the bunkering market.
