Marine fuel sales in Fujairah, the world’s third-largest bunkering hub, hit their lowest level in February since data collection began in 2021. Volumes, excluding lubricants, totaled 554,117 cubic meters, reflecting a decline in refueling demand at key bunker ports amid global shipping uncertainty. Sales at Singapore, another top bunker port, also decreased recently, reaching a 20-month low.
The decline in marine fuel sales at Fujairah was seen across key bunker grades. Sales of 380-cst high-sulfur marine fuel dropped by 2% in February, while low-sulfur marine fuel sales, including low-sulfur fuel oils and marine gas oils, fell by 7.2%. Some demand was redirected to other ports in the region, such as Khor Fakkan and Jebel Ali, which offered more competitive prices in certain instances.
In February, the market share of high-sulfur bunkers narrowed to 26%, down from 29% in January, while low-sulfur bunkers’ share increased to 74% from 71%. Overall, the data from Fujairah Oil Industry Zone showed a month-on-month decrease in bunker sales volume. The breakdown of volumes by grade for January 2025 included 180cst LSFO, 380cst LSFO, MGO, LSMGO, 380cst HSFO, and lubricants.
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