Maritime Port Authority Singapore (MPA) announced that the estimated marine fuel oil sales volume in May in the country was at 4.55 mil mt, down 329,800mt (6.8%) on year, but up 197,310mt (4.5%) on month.

Sales volumes of MFO (high sulfur fuel oil) were at 1.79 mil mt, down by 98,130mt on year, but up by 7,350mt on month. Those of LSFO were at 2.29 mil mt, down by 159,490mt on year, but up by 103,650mt on month. Those of LSMGO were at 327,600mt, down by 14,820mt on year, but up by 71,510mt on month. Those of Bio-blended LSFO were at 36,400mt, down by 59,730mt on year, and down by 12,470mt on month.

MFO accounted for 39.46% of all sales volumes of bunker fuels, while the proportion of the new fuels including Bio-diesel, LNG, methanol and so on was 2.88%.

The average price for VLSFO in May was at $816.88/mt, up by $44.97/mt from $771.91/mt in April, according to a survey conducted by Rim Intelligence.