UAE's Fujairah marine bunker sales hit record low in May
- High-sulphur marine fuel sales dropped 15% over the same period to 31,601 cubic metres
Fujairah port's marine fuel sales plummeted to a record low in May, driven by the Middle East war's impact on Strait of Hormuz shipments and cargo replenishment.
- Record low marine fuel sales at Fujairah port.
- Middle East war's impact on Strait of Hormuz shipments.
- Specific declines in low-sulphur and high-sulphur fuel sales.
SINGAPORE: Marine fuel sales at the United Arab Emirates’ Fujairah port extended declines in May to hit a record low, latest data showed, as cargo replenishment stayed constrained after the Middle East war crimped shipments out of the Strait of Hormuz.
Bunker sales, excluding lubricants, totalled 96,721 cubic metres (about 95,800 metric tons) for May, showed latest Fujairah Oil Industry Zone data published by S&P Global.
Low-sulphur marine fuel sales fell 27% from the prior month to 65,120 cubic metres.
High-sulphur marine fuel sales dropped 15% over the same period to 31,601 cubic metres.
Low-sulphur marine gasoil sales slipped 2% to 7,157 cubic metres, while other marine gasoils totalled 381 cubic metres.
The market share of low-sulphur bunkers narrowed to 67% in May versus 71% in April, while high-sulphur bunkers narrowed to 33% versus 29%.