Singapore’s total marine fuel sales jumped by a sharp 7.4% year on year, underpinned by strong HSFO demand, reflecting the continued rise in scrubbers installations by shipowners prompted by a favorable price differential between low and high sulfur fuel oil. The June sales demonstrated continued resilience in the world’s largest bunkering port despite the challenges …
The post Singapore’s June bunker fuel sales gain on soaring HSFO demand first appeared on Hellenic Shipping News Worldwide.