Singapore Bunker Sales, Container Volumes Down
By Aiswarya Lakshmi
Wednesday, October 14, 2015
Singapore’s September bunker fuel sales fell 10.3% in September on month but rose 9.3% on year to 3.85 million mt. The port of Singapore has recorded a fall in container throughput in September.
These finding are based upon the data released Tuesday by the Maritime and Port Authority (MPA) of Singapore.
The month-on-month drop in bunker fuel sales in the world's biggest bunkering port follows the all-time monthly high of 4.29 million mt seen in August. Traders expect volumes to dip further in October due to an underlying rise in crude oil prices.
Container throughput moved in September was recorded at 2.43m teu, a decrease of 13.5% compared to the previous corresponding period.
According to MPA data, last month’s volumes also dipped by 4% compared to 2.53m teu registered in August this year.
Singapore is currently trailing behind Shanghai, the world’s busiest container port, which posted volumes of 27.4m teu in the first nine months. Singapore port handled a total throughput of 23.5m teu, representing a 6.5% year-on-year decrease.