UAE's Fujairah marine fuel sales hit over a year's high in April
Image credit: Getty Images (Picture used for illustrative purposes)
Marine fuel sales at the United Arab Emirates' Fujairah port reached more than a year's high in April, extending recovery for a second straight month, latest data showed.
Read-
Sales, excluding lubricants, totalled 669,378 cubic metres (about 663,000 metric tons) at the world's third largest bunker port, based on Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights late Thursday.
Bunker volumes in April climbed 4.6 per cent from the previous month, while edging 4.8 per cent higher from the same month last year.
The uptick was led by supported demand for high-sulphur marine fuel, with sales climbing 12.6 per cent month-on-month to 189,388 cubic metres.
Meanwhile, low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, inched 1.8 per cent higher to about 480,000 cubic metres.
The market share of high-sulphur bunkers widened to 28 per cent in April, while low-sulphur bunkers were at 72 per cent.
Bunker demand at Fujairah rebounded in March and April after a slump in February.
Fujairah bunker sales by month, in cubic metres:
Month
Total Sales
M-o-M
Y-o-Y
Jan-25
628,663
3.7%
-6.8%
Feb-25
554,117
-11.9%
-12.5%
Mar-25
639,811
15.5%
-8.7%
Apr-25 *
669,378
4.6%
4.8%
Breakdown of volumes by grade, in cubic metres:
Month
180cst LSFO
380cst LSFO
380cst HSFO
MGO
LSMGO
Lubricants
Jan-25
2,141
403,717
185,091
79
37,635
4,351
Feb-25
702
382,303
142,595
341
28,176
4,183
Mar-25
1,195
432,560
168,140
128
37,788
4,991
Apr-25 *
885
443,509
189,388
307
35,289
5,296
Data source:
Fujairah Oil Industry Zone data published by S&P Global Commodity Insights
(1 cubic metre = 6.29 barrels)
(1 metric ton = 6.35 barrels for fuel oil)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
34 minutes ago
- Zawya
Apparel Group and Go Colors launch first international store at Dubai's Silicon Central Mall
Dubai, UAE – Apparel Group proudly announces the international debut of Go Colors with the launch of its first store outside India at Silicon Central Mall, Dubai. This strategic expansion brings Go Colors' extensive range of everyday and occasion-based bottomwear to a new global audience, marking a key milestone in the brand's global growth journey. Founded in India, Go Colors has built a strong presence across the country with a wide network of over 750 stores and a product portfolio that spans across all occasions offering more than 50 bottomwear silhouettes in an extensive palette of colors, with inclusive sizing options designed to cater to women and girls across different age groups and body types. In Dubai, Go Colors has entered into a partnership with Apparel Group, one of the region's leading retail conglomerates. The collaboration marks a strategic step forward for both companies—extending Go Colors' reach into international markets while introducing a distinct, function-forward fashion label to Apparel Group's diverse brand portfolio. Notably, this also represents Apparel Group's first partnership with an Indian-born fashion brand in the UAE. 'This is a significant step for us as we expand outside India.' said Gautam Saraogi, CEO & Founder of Go Colors. 'Dubai is a diverse and dynamic market, and we're excited to bring our range to customers here in partnership with Apparel Group, whose retail expertise and strong presence in the region make them an ideal collaborator for this milestone. The Middle East presents a promising opportunity for growth, and Dubai is a strategic starting point for our journey in the region.' Neeraj Teckchandani, CEO of Apparel Group, added: 'At Apparel Group, we take pride in identifying and nurturing promising brands with strong potential. Go Colors' distinctive focus on inclusive, stylish, and affordable bottomwear aligns with our commitment to offering versatile fashion options for every customer. We're excited to welcome them into our retail ecosystem and look forward to driving their growth across the Middle East.' The Dubai store will house a curated selection of products, including leggings, denims, trousers, joggers, and other bottomwear essentials designed to work across different occasions — from casual to workwear looks. The expansion signals Go Colors' growing ambitions in international markets, starting with the Middle East. About Apparel Group: Apparel Group is a global fashion and lifestyle retail conglomerate based in Dubai, UAE, with a growing network of 2,300+ stores and a diverse portfolio of 85+ international brands across 14 countries. The Group has established a strong presence in the GCC—Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman—and continues to expand across key markets including India, Southeast Asia, South Africa, and Egypt. Offering an integrated omni-channel experience, Apparel Group represents global names such as Tommy Hilfiger, Skechers, ALDO, Charles & Keith, and Tim Hortons. Its sustained growth is driven by a multicultural workforce of 27,000+ and steered under the leadership of its founders, Sima Ganwani Ved and Nilesh Ved. About AppCorp Holding: AppCorp Holding, led by Founder and Chairman Nilesh Ved, is a multi-billion-dollar transnational holding that, through its flagship company Apparel Group, operates across 14 countries, managing 2,300+ stores and representing 85+ international and homegrown brands with a workforce of 27,000+ employees. The holding has built a diverse portfolio spanning retail, food and beverage, real estate, logistics, healthcare, education, and investment. For more information, visit About Go Colors Go Colors [Go Fashion (India) Limited], a publicly listed company in India, is a leading brand specializing in women's bottom wear. Our extensive collection offers a diverse range of colors and styles to complement any top, all conveniently available under one roof. Go Colors has a network 750 plus exclusive brand stores across India and is also present in 2000 plus large format stores. Our product portfolio spans across all occasions offering more than 50 bottomwear silhouettes in an extensive palette of colors, with inclusive sizing options designed to cater to women and girls across different age groups and body types. Committed to offering premium quality products, we strive to maintain affordability without compromising on quality. Additionally, with 750 plus stores across India, our brand is easily accessible to customers nationwide. Prem Ramachandran The Dream Earth Dubai, UAE Email: prem@
Zawya
34 minutes ago
- Zawya
Etihad and Ethiopian Airlines start strategic codeshare partnership
Abu Dhabi, UAE – Etihad and Ethiopian Airlines activated their codeshare agreement, strengthening connectivity between Africa and Asia, Australia, and the Middle East. This bilateral partnership enhances global travel opportunities for guests, with seats available to book now. Ethiopian will start services from Addis Ababa Bole International Airport (ADD) to Zayed International Airport in Abu Dhabi (AUH) on 15 July, and Etihad Airways introducing daily flights to Addis Ababa starting 8 October. This is the first step ahead of implementation of the groundbreaking Joint Venture agreed between Etihad and Ethiopian in March 2025 unlocking greater travel opportunities for passengers across both networks. The codeshare lets guests simplify their journeys by making a single booking with one check-in process at the start and the added convenience of having their baggage transferred to their final destination. Arik De, Etihad's Chief Revenue and Commercial Officer said: 'By leveraging our combined networks, we are unlocking seamless travel opportunities between Africa and Asia, Australia, and the Middle East. Easy connections via Abu Dhabi and Addis Ababa, will enhance flexibility, boosting trade and tourism, and delivering unparalleled travel experiences to guests of both airlines." Under this partnership, Etihad passengers will gain access to Ethiopian Airlines' extensive African network, with connections via Addis Ababa to 55 destinations across 33 countries, including Entebbe, Kinshasa, Kigali, Lusaka, Harare and Victoria Falls expanding their travel options across the continent. At the same time, Ethiopian Airlines passengers can book itineraries connecting to Etihad-operated flights through Abu Dhabi, with onward service to 20 key destinations across Asia, Australia, and the Middle East including Sydney, Krabi, Colombo and Phnom Penh. As part of its commitment to Africa's growing demand for air travel, Etihad is significantly expanding its network in 2025, introducing new destinations and increased frequencies to strengthen links across the continent. About Etihad Airways Etihad Airways, the national airline of the UAE, was formed in 2003 and quickly went on to become one of the world's leading airlines. From its home in Abu Dhabi, Etihad flies to passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia, and North America. Together with Etihad's codeshare partners, Etihad's network offers access to hundreds of international destinations. In recent years, Etihad has received numerous awards for its superior service and products, cargo offering, loyalty programme and more. To learn more, visit For further details: Duty Media Officer Etihad Airways dutymediaofficer@
Zawya
34 minutes ago
- Zawya
Mace reports record revenue as ‘year of transition' sets it up for global growth
Dubai, United Arab Emirates – Mace, the global delivery consultants and construction experts, has published its 2024 Annual Report & Accounts. The company achieved another year of growth and strategic progress, delivering record turnover and a record year end cash balance despite a backdrop of volatility and macroeconomic uncertainty. Key highlights Revenue was AED 13.91bn (£2.79bn) (+18.3%). Construct grew by 21.0% to AED 10.5bn (£2.1bn). Consult grew by 10.8% to AED 3.4bn (£686.6m). Operating profit was AED 252.7m (£50.7m). Cash at 31 December 2024 was AED 1.6bn (£320.2m) The Group's pipeline of future work totalled AED 35.9bn (£7.2bn). Headcount surpassed 8,000 for the first time. New Group Chief Executive and Group Board in place from 1 January 2025. Group on track to grow revenue to AED 14.9bn (£3bn) by 2026 with new era of expansion under Group Chief Executive, Jason Millett. Jason Millett, Mace Group Chief Executive, said: '2024 was a year of transition and significant strategic progress as we continued to strengthen our global platform and build greater resilience across the Group. We are pleased with our financial performance [particularly in Consult], generated record revenue and achieved a record cash balance despite well-publicised economic and industry-wide challenges. 'We enter 2025 with a strong pipeline and an enhanced leadership team and are well positioned as we look towards 2030 and beyond.' 2024 Performance and Governance In 2024, Mace set the target of doubling the scale of the Consult business by 2030. This would take annual revenues to AED 5.9bn (£1.2bn) and the business is on track to achieve this. In 2024, Mace Consult's profits increased by 74% from 2023 to AED 387.3m (£77.7m), achieving a revenue of AED 3.4bn (£686.6m). Standout appointments included the Hudson Tunnel Project in New York, which is estimated to create 95,000 jobs and King Salman International Airport, which is expected to welcome more than 100m visitors to Saudi Arabia. Mace's appointment as programme management partner with the MTR Corporation for the delivery of new railway extension projects is Consult's biggest ever win in Asia. 2024 was a more challenging year for Construct (which operates predominantly in the UK). Revenue of AED 10.5bn (£2.1bn) produced profit before tax of AED 78.2m (£15.7m). The business completed a number of landmark projects in the UK such as 40 Leadenhall Street and secured exciting new projects such as the London Gatwick Pier 6 extension and The Daubeny Project to deliver the next phase of The Oxford Science Park. It also continued to invest in new production techniques that will drive improvements in quality and productivity, as demonstrated at Chapter Living, London Bridge. A new governance structure was established on 1 January 2025. There is a new Group Chief Executive and a new Group Board, which includes six independent non-executive directors. The changes align the way Mace works with the principles of the UK Corporate Governance Code and will ensure that the Group's most important decisions are open to independent challenge and scrutiny. 2026 Business Strategy and 2030 Vision In 2021, Mace Group's 2026 Business Strategy set ambitious growth targets. The 2024 Annual Report shows that Mace remains on track to achieve its goal of generating annual revenue of AED 14.9bn (£3bn) by 2026. In 2024, it achieved its target of employing more than 8,000 people two years early. This growth has been achieved by targeting a wide range of attractive, expanding markets and sectors across four hubs: Europe, the Americas, Middle East and Africa and Asia Pacific. Mace's ambition is to be world leading delivery consultants and construction experts. The business is currently developing its 2030 Vision: taking account of how the world is changing and defining how we can leave positive, lasting legacies through what we do and how we do it. This new strategy will give the company greater focus, clarity and impact in how it works. Leading with purpose Mace remains committed to setting ambitious targets when it comes to our value of 'Safety first – Going home safe and well'. The Group's accident frequency rate remained ahead of target at 0.036. Our strategic priority to Pursue a Sustainable World continues to inspire us to accelerate the built environment's response to the climate emergency. Mace saved 3.41m tonnes of client carbon during the year. Looking at every part of its sphere of influence to identify opportunities, Mace contributed AED 4.6bn (£933m) to society. The Mace Foundation supported 125 charities around the world, helped 2,487 homeless people and empowered 5,400 young people through education and access to employment opportunities. In 2024 99% of invoices were paid within 60 days, up from 95% in 2023. Research and development investment totalled AED 356m (£71.4m), helping Mace make advances in digital technology and complete Palmerston Court, the largest Passivhaus building in the UK.
