Singapore sets new record in ship fuel trade
Port posts 48.6m tonnes in total sales volume for 2016 despite global headwinds; container throughput steady
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Singapore
SINGAPORE set a new world record for sales of ship fuel or bunker, posting 48.6 million tonnes in total volume traded at its port for 2016.
Total bunker sales volume expanded 7.7 per cent from 45.2 million tonnes in 2015, data released by the Maritime and Port Authority (MPA) showed, despite slowing world trade and excess capacity hitting bottomlines of most maritime sub-sectors in 2016.
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