Marine fuel sales at the United Arab Emirates’ Fujairah, the world’s third-largest bunkering hub, fell for a third straight month in November to nine-month lows.
Total volumes, excluding lubricants, were at 636,688 cubic metres (about 610,000 tonnes) in November, according to latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.
November sales fell by 3% month-on-month and 13% year-on-year. The decline was led by a drop in high-sulphur bunker fuel sales, with 380-cst high-sulphur bunker fuel sales weakening 9% from October to 129,528 cubic meters in November.
Low-sulphur bunker fuel sales held steady to softer. Total sales of low-sulphur fuel oil and marine gasoil dipped 1% month-on-month to 507,160 cubic meters in November.
The market share of low-sulphur bunker fuel volumes expanded slightly to 80% in November versus 78% in October, the data showed.
Source: Hellenic Shipping News
