Singapore 2022 shelter gas sales dip 4.3% y/y to 47.9 mln tonnes

January 16, 2023

By Jeslyn Lerh

SINGAPORE, Jan 13 (Reuters) Sales of aquatic gas in Singapore, consisting of sales of dissolved gas as well as biofuels, dropped 4.3% year-on-year to 47.9 million tonnes in 2022, main information revealed on Friday.

Overall shelter sales on the planet’s biggest bunkering center reduced as macroeconomic headwinds evaluated on total ship refuelling need in Singapore, sector resources claimed.

Bunkering sales of low-sulphur gas oils (LSFO) were down 8.3% from the previous year to 30.1 million tonnes in 2022, Reuters estimations based upon information from the Maritime as well as Port Authority of Singapore (MPA) revealed.

Overall high-sulphur gas oil (HSFO) sales for bunkering were up 6.2% from the previous year to 13.7 million tonnes in 2022, while sales of aquatic gasoils (MGO) dipped 6.2% to 3.8 million tonnes in 2022.

Shelter sales of biofuel blends got to 140,000 tonnes with greater than 90 biofuel bunkering procedures finished in Singapore, going beyond shelter sales of dissolved gas (LNG) which completed 16,000 tonnes, the MPA claimed.

On the other hand, container throughput in Singapore was 37.3 million 20-foot comparable systems (TEUs) in 2022, alleviating somewhat from a document high container throughput of 37.6 million TEUs in 2021.

A total amount of 577.7 million tonnes of freight was taken care of in 2022, with vessel arrival tonnage striking 2.83 billion gross tonnage (GT).

There were a total amount of 37,662 vessel requires bunkering in Singapore in 2022, below 39,447 hire 2021, the MPA information revealed.

LSFO MARKET SHARE DROPS WHILE HSFO SURGES

The marketplace share of LSFO for bunkering in Singapore acquired from 65.8% in 2021 to 62.8% in 2022, while the marketplace share of HSFO climbed from 25.8% in 2021 to 28.5% in 2022.

Some carriers chose high-sulphur qualities as even more scrubber-installed vessels came online, with the fad anticipated to proceed right into 2023.

” The percentage of HSFO shelter need contrasted to LSFO is most likely to boost in 2023 as even more scrubber-fitted vessels go into the marketplace,” claimed Ivan Mathews, head of FGE’s Asia Refining as well as Global Gas Oil Solution.

Greater rates of LSFO have actually triggered much more uptake of HSFO by carriers. The cost costs of LSFO over HSFO balanced at $233 a tonne in 2022, almost increasing from approximately $115 in 2021, Refinitiv information revealed.

Singapore shelter sales for 2022 by monthhttps:// tmsnrt.rs/ 3W2nyEw

( Coverage by Jeslyn Lerh; Editing And Enhancing by Sharon Singleton)

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