Singapore bunkering middlemen face existential threat amid changes
Mass flow metering system and upcoming sulphur cap cited for ongoing margin squeeze
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Singapore
MORE small-scale marine fuel traders and suppliers are being ensnared in an industry shake-up amid a fast changing business landscape that is signalling further consolidation ahead.
BT has learnt that two licensed bunker suppliers, Wired and Barreloil, are said to have undergone massive downsizing and are now seeking new equity injections in order to stay in business.
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