Singapore port container volumes drop in September

containers

Singapore’s September bunker fuel sales fell 10.3% on month but rose 9.3% on year to 3.85 million mt, according to data released Tuesday by the Maritime and Port Authority of Singapore.

The highest sales record belonged to August’s bunker sales volume, which hit 4.2 million tonnes.

The result follows a number other bunker related records set in Singapore this year, including the highest ever monthly bunker sales volume of 4,287,800 mt set in August, and the highest ever first quarter bunker sales of 10,653,600 mt for all products. Among the low sulfur fuel oil grades, there were no sales of 180 CST LSFO or 500 CST LSFO in September. For September 2015, the port’s most popular grade, IFO380, saw sales of 2.91 million mt. The increase of the bunker sales may be buoyed by the rising port-of-calls for bunkering made in September at 3,385 calls, up 6% from 3,178 calls in the corresponding period previous year. In September alone, the island-city handled 2.4m teu, down 13.6% from 2.8m teu year on year, the initial estimates showed.

In 2014, the Port of Singapore handled more than 33 million TEU, in comparison to 2013, where it handled 32-and-a-half million, yet 2015 is proving inferior to 2014 for Singapore at present. Singapore was previously the world’s busiest port after being dethroned by Shanghai in 2010.

Source: The Oceanside Post

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