Sales of marine fuel at the United Arab Emirates' Fujairah edged higher in 2024 after a downtrend in previous years, latest data showed.Volumes, excluding lubricants, totalled 7.6 million cubic metres (about 7.5
Sales of marine fuel at the United Arab Emirates' Fujairah edged higher in 2024 after a downtrend in previous years, latest data showed.
Volumes, excluding lubricants, totalled 7.6 million cubic metres (about 7.5 million metric tons) for 2024, up 1.9% from 2023, based on Fujairah Oil Industry Zone data published by industry information service provider S&P Global Commodity Insights this week.
The port retained its position as the world's third-largest bunker hub as of 2024, with volumes hovering above China's Zhoushan volumes of 7.26 million tons.
The volume recovery was led by higher refuelling demand in the first half of 2024, as shipping disruptions elsewhere prompted more liftings at key bunker ports globally, while stem size of deliveries also rose, said industry sources.
Sales of high-sulphur fuel oils (HSFO) was also stronger year-on-year, with volumes up 17% from 2023 to more than 2.1 million cubic meters in 2024, in line with the uptrend at other hubs like Singapore which also logged more HSFO sales.
This brings the market share of high-sulphur bunkers in Fujairah to 28% in 2024, up further from 24% in 2023 and 20% in 2022. More scrubber-fitted vessels have come online and could opt to
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