Fujairah bunker sales rebound in July on stronger fuel demand
Higher sales of VLSFO, LSMGO, and HSFO lifted Fujairah’s total bunker sales in July compared to June, according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from June to July:
- Total sales up by 14% to 629,000 mt
- VLSFO sales up by 8% to 387,000 mt
- HSFO sales up by 28% to 204,000 mt
- LSMGO sales up by 27% to 36,000 mt
Fujairah’s bunker sales increased in July after two months of decline. The port averaged 20,000 mt/day in July, about 2,000 mt/day more than in June.
Sales of the main product, VLSFO, rose by 29,000 mt to reach 387,000 mt in July, equal to about 12,500 mt/day, up from 12,200 mt/day in June. LSMGO sales also grew, rising by around 8,000 mt to 36,000 mt, while HSFO sales climbed by 45,000 mt to 204,000 mt.
Despite these increases, Fujairah’s total bunker sales for January–July were still 4% lower than in the same period last year.
Fuel grade share of total sales in July (compared to the year to date):
- 62% VLSFO 380cst (66% YTD)
- 0.19% VLSFO 180cst (0.55% YTD)
- 32% HSFO (28% YTD)
- 6% LSMGO (5% YTD)
- 0.02% 0.50% MGO (0.04% YTD)
By Tuhin Roy
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