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Marine fuel sales at the Fujairah port in the United Arab Emirates recovered in March, after hitting a record low in February, latest data showed.
Volumes, excluding lubricants, totalled 639,811 cubic metres (about 634,000 metric tons) at the world's third largest bunker hub, showed Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights.
The volumes in March were 15.5 per cent higher than February, logging seven-month highs.
Sales of 380-cst high-sulphur marine fuel rose 17.9 per cent from February to about 168,000 cubic metres in March, while low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, climbed 14.6 per cent to about 472,000 cubic metres.
The market share of high-sulphur bunkers was stable at 26 per cent in March, while low-sulphur bunkers comprised 74 per cent.
Bunker demand in March picked up following a seasonally slower month in February, though volumes continued to log annual declines for a ninth consecutive month.
The port of Fujairah has seen some competition from neighbouring ports, even as it remained the top refuelling hub in the Middle East. -Reuters