Singapore port sells more marine fuel in March despite war-induced tight supply
On a year-on-year basis, the marine fuel volume sold is up 6.6%
Add BT as a preferred source
[SINGAPORE] Singapore, the world’s largest refuelling hub for ships, sold marginally more bunker in March despite a constrained supply of marine fuel in Asia caused by the effective closure of a Middle Eastern oil route.
According to statistics from the Maritime and Port Authority of Singapore (MPA) published on Tuesday (Apr 14), bunker sales stood at about 4.8 million tonnes in March, up 1.9 per cent from nearly 4.7 million tonnes in February.
On a year-on-year basis, the marine fuel volume sold was up 6.6 per cent.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
