Maritime Port Authority Singapore (MPA) announced that the estimated marine fuel oil sales volume in June in the country was at 4.67 mil mt, up 74,390mt (1.6%) on year, and up 120,780mt (2.7%) on month.

Sales volumes of MFO (high sulfur fuel oil) were at 2.03 mil mt, sharply up by 330,770mt on year, and up by 239,920mt on month. Those of LSFO were at 2.20 mil mt, down by 114,010mt on year, and down by 97,480mt on month. Those of LSMGO were at 343,200mt, down by 18,810mt on year, but up by 15,650mt on month. Those of Bio-blended LSFO were at 30,700mt, down by 83,610mt on year, and down by 5,630mt on month.

MFO accounted for 43.57% of all sales volumes of bunker fuels, while the proportion of the new fuels including Bio-diesel, LNG, methanol and so on was 1.98%.

The average price for VLSFO in June was at $722.91/mt, sharply down by $93.97/mt from $816.88/mt in May, according to a survey conducted by Rim Intelligence.