Falling Bunker Fuel Premiums in Singapore Reflect Slow Shipping Market

Capt. John

By Jeslyn Lerh SINGAPORE, March 1 (Reuters) – Premiums of marine fuel, also known as bunkers, are set for a bumpy recovery in March in Singapore, the world’s largest bunkering port, as refuelling demand from the shipping sector has recently waned, multiple trade sources said.  A weaker Singapore bunker market reflects slowing activity at one of the world’s most major ports that sits on a crucial shipping lane, while lower demand will also weigh on Asia’s fuel oil refining margins.  Bunker...

https://gcaptain.com/falling-bunker-fuel-premiums-in-singapore-reflect-slow-shipping-market/

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