Barge fleets will likely be downsized as rising operational expenditures and narrow differential between Singapore-delivered Marine Fuel 0.5%S and ex-wharf basis depresses margins, prompting bunker suppliers who time-chartered these barges to consider a contract lapse upon expiry, with no intention to renew it in the near term. A Singapore-based bunker supplier said that he was …
The post Singapore weak barging spreads dampen time charter market for bunker tankers first appeared on Hellenic Shipping News Worldwide.