By Jeslyn Lerh
SINGAPORE (Reuters) – Marine gasoline gross sales reached recent highs on the world’s largest bunker hub of Singapore in 2024, official knowledge confirmed on Wednesday, pushed by document container throughput and better deliveries of other marine fuels.
Gross sales totalled 54.92 million metric tons in 2023, knowledge from the Maritime and Port Authority of Singapore (MPA) confirmed. Complete (EPA:TTEF) gross sales surpassed a earlier document of 51.82 million tons in 2023.
Container throughput climbed to 41.12 million twenty-foot equal items (TEUs) in 2024, additionally logging new highs. In the meantime, annual vessel arrival tonnage grew to a recent document of three.11 billion gross tons (GT).
Extra bunker volumes emerged in 2024 as delivery tensions within the Pink Sea altered refuelling patterns and buoyed marine gasoline demand, whereas shipowners additionally lifted extra various fuels to assist emission cuts, mentioned business sources.
The 12 months additionally noticed considerably stronger gross sales in high-sulphur marine gasoline, with volumes totalling 20.15 million tons, up 21% from 2023, calculations based mostly on MPA knowledge confirmed.
The uptick in high-sulphur marine gasoline gross sales got here amid a better fleet of vessels fitted with scrubbers.
In distinction, gross sales of low-sulphur gasoline dropped 4% year-on-year to 29.58 million tons.
In the meantime, gross sales of other bunker fuels exceeded a million tons for the primary time, reaching 1.34 million tons in 2024, doubling from 2023, mentioned MPA.
Gross sales of biofuel blends grew to about 880,000 tons, up about 69% from 2023, whereas gross sales of liquefied pure gasoline for bunkering rose to over 460,000 tons, greater than quadrupling.
BP (NYSE:BP) SINGAPORE PTE. LIMITED
CHEVRON SINGAPORE PTE LTD
ENG HUA COMPANY (PTE) LTD
EQUATORIAL MARINE FUEL MANAGEMENT SERVICES PTE LTD
GLENCORE SINGAPORE PTE LTD
GLOBAL ENERGY TRADING PTE LTD
PETROCHINA INTERNATIONAL (S) PTE LTD
SINOPEC FUEL OIL (SINGAPORE) PTE. LTD.
TFG MARINE PTE LTD
VITOL BUNKERS (S) PTE LTD
CHEVRON SINGAPORE PTE LTD
MAERSK OIL TRADING SINGAPORE PTE LTD
MINERVA BUNKERING PTE LTD
SK ENERGY INTERNATIONAL PTE LTD
VITOL BUNKERS (S) PTE. LTD.
(Knowledge Supply: MPA Singapore)
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