Fujairah marine fuel sales decline in June

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.