(http://www.augustenergy.biz/, January 28, Thursday --- Article from EnergyAsia ...
(EnergyAsia, January 21 2010, Thursday) --- The world’s top bunkering port once again set a new annual sales record of 36.386 million tonnes for 2009, growing 4.2% from 34.936 million tonnes in 2008, according to official data.
The Maritime and Port Authority of Singapore (MPA) said sales were particularly strong in December, surging by 10.4% from the previous month to its second highest level for the year.
December sales reached 3.181 million tonnes compared with November’s 2.882 million tonnes, and just below the all-time monthly high of 3.227 million tonnes reached in May. The latest sales volume also represented a whopping 16.3% rise from December 2008.
Singapore’s booming bunker sales have once again defied doomsday forecasts and the bearish performance in the shipping industry, which has been hard hit by the global economic recession.
The industry attributed the record performance to an increased number of larger ships calling at Singapore’s port to purchase bunker fuel which have consistently been the cheapest in the region. Ironically, in the depressed economic climate, Singapore has gained as ship owners and operators have chosen to load up on fuel and other supplies at its port because of its superior economics over other ports in the region.
The MPA also reported that Singapore’s annual vessel tonnage has risen 10.1% year-on-year to 1.78 trillion gross tonnes (GT), while the total number of ships arriving at port decreased 0.8% from 2008 to 130,575.
Vessel arrivals for December rose to 10,993 or 152,197 million GT, a 5% increase from November.
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