Singapore port sells more marine fuel in March despite war-induced tight supply

[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.