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2012 February 7   11:04

Fuel-oil cargoes to Singapore poised to decline next month

Fuel-oil cargoes to Singapore from outside Asia may fall to 2.165 million metric tons next month, or 14.5 million barrels, according to vessel-charter data compiled by Bloomberg.

At least eight Very Large Crude Carriers, booked to collect the fuel from ports in Europe, the Caribbean and the U.S., may arrive in Singapore in March, according to Poten & Partners Inc., a broker in New York. That compares with 3.555 million tons set to arrive this month and 3.265 million tons in January.

Two VLCCs have so far been booked to carry 545,000 tons of the shipping and power-station fuel to Singapore in April, according to the data. Singapore is Asia’s oil hub and the region’s largest port for fuel-oil cargoes.

The following is a summary of all VLCCs reported as booked to carry fuel oil to Singapore. Cargo sizes are in thousands of tons. Arrival time is calculated based on information on the e- ships.net website and assuming a total of four days for loading and unloading at ports.

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