Fujairah Sees Highest Vessel Bunker Fuel Sales in 3 Months.

Vessel Bunker Fuel Sales Hit 3-Month High In Fujairah
Marine fuel sales at Fujairah port in the UAE rebounded in July, reaching a three-month high of 621,679 cubic meters. The increase was attributed to rising refueling demand at key bunker ports like Singapore, driven by lower crude and bunker prices. Despite challenges, the market shows signs of stabilization amid fluctuating demand and pricing trends.
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Marine fuel sales at the Fujairah port in the United Arab Emirates rebounded in July, reaching a three-month high according to data from the Fujairah Oil Industry Zone (FOIZ) published by S&P Global Commodity Insights. Sales volumes, excluding lubricants, totaled 621,679 cubic meters, equivalent to about 616,000 metric tons. This marked a 1.8% increase from the previous month, following three consecutive months of decline, although it was still 5.7% lower than the same period last year.

The uptick in bunker sales in July was attributed to a broader increase in refueling demand at key bunker ports like Singapore and Fujairah, driven by lower crude and bunker prices throughout the month. High-sulphur fuel oil sales in Fujairah rose by 18.3% to 177,349 cubic meters, while low-sulphur bunker sales decreased slightly by 3.6% to 444,330 cubic meters, including both residual fuels and marine gas oils. The market share of low-sulphur bunkers narrowed to 71% in July, with high-sulphur bunkers accounting for the remaining 29%.

Despite the overall increase in marine fuel sales in July, the market continues to face challenges amid fluctuating demand and pricing trends. The recovery in sales at Fujairah reflects a broader pattern observed in key bunkering ports, signaling a potential stabilization in the market. As the industry navigates through ongoing uncertainties, stakeholders will closely monitor developments to assess the long-term impact on marine fuel sales and the broader maritime sector.

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