Marine bunker fuel sales at the United Arab Emirates’ Fujairah port hit a two-month low in April, although they were higher than the same month last year, latest data showed.
Bunker sales at the world’s third-largest hub, excluding lubricants, totalled 638,960 cubic metres (about 632,923 metric tons), according to Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights this week.
Sales for April dipped 8.8% month-on-month, but were up 7.1% year-on-year.
Volumes posted a fourth consecutive month of yearly increases as Red Sea disruptions supported global bunker demand this year.
Low-sulphur bunker sales of residual fuels and marine gasoils totalled 467,119 cubic metres at Fujairah in April, 7.1% lower from March.
Meanwhile, high-sulphur bunker sales fell 13.3% from March to 171,841 cubic metres in April.
The market share of low-sulphur bunkers was at 73% in April while high-sulphur bunkers was at 27%.
Source: Hellenic Shipping News
