A spike in HSFO and LSMGO sales contributed to push Fujairah’s total bunker sales higher in August than in July, according to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.

Monthly Fujairah bunker sales since January 2021

Changes in Fujairah bunker fuel sales from July to August:

• Total sales up by 3% to 667,000 mt
• VLSFO sales down by 2% to 446,000 mt
• HSFO sales up by 13% to 195,000 mt
• LSMGO sales up by 32% to 26,000 mt

HSFO sales rose by 22,000 mt to 195,000 mt in August, and to their highest level in two years. Around 6,000 mt/day of HSFO was sold in August, up from 5,500 mt/day sold in July. After hitting a bump in March, HSFO sales in Fujairah have grown for the fifth consecutive month.

LSMGO sales grew by a massive 32% in August, and to their highest level since December last year. On the other hand, sales of the most sought-after product, VLSFO, fell by 2%.

The port’s total bunker sales for the first eight months of the year were 9% lower compared to the same period last year.

Fujairah bunker sales in August split by fuel grade

Fuel grade share of total sales in August (compared to the year to date):

• 67% VLSFO 380cst (73% YTD)
• 0% VLSFO 180cst (0.07% YTD)
• 29% HSFO (23% YTD)
• 4% LSMGO (4% YTD)
• 0.06% 0.50% MGO (0.13% YTD)

By Tuhin Roy

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