Marine fuel sales at the United Arab Emirates’ Fujairah fell to a four-month low in June as high bunker premiums and tight supplies capped uptake.
The third largest bunkering hub in the world registered bunker sales volumes 13% less month-on-month at 647,184 cubic meters (about 619,602 tonnes) in June.
Combined low-sulphur bunker sales in June sank 13% to 514,494 cubic meters from May, while its market share of overall bunker volumes was steady from May at 79%.
Meanwhile, sales of 380-cst high-sulphur fuel oil (HSFO) fell 14% from May to 132,690 cubic meters in June, making up 21% out of overall bunker volumes.
The trend was in line with lower monthly sales at top bunkering hub Singapore, when marine fuel sales for June fell to a two-month low as high premiums for low-sulphur bunker fuel diverted demand to other bunkering ports.
Tags: Bunkering, Fujairah, Marine Fuel, Sales, UAE
Recent Posts
Zero-carbon ammonia for shipping faces challenges
Wärtsilä signs lifecycle agreement for 7 Capital Gas LNG carriers
ABS releases report on nuclear LNG carrier design
NTPC develops indigenous catalyst for methanol production
Huangpu Wenchong receives AIP from CCS for ships using methanol and ammonia
Climate change will cause India’s GDP to decline by 24.7% by 2070: ADB
Masdar and EMSTEEL complete project using green hydrogen to produce steel
DNV Grants HHI AiP for ammonia DF large container vessel