demand increase

Singapore Bunker Sales Surge By 4% In January

Credits: William William/Unsplash

Marine fuel sales in Singapore hit a two-month high in January as more vessels called at the world’s largest hub, taking advantage of lower prices. Sales rose to 4.38 million tonnes, an increase of around 4 per cent compared with the previous month, according to data released by the Maritime and Port Authority of Singapore (MPA) early last week.

Increased Demand

Mr Emril Jamil, senior oil analyst at Refinitiv, a unit of the London Stock Exchange Group, said on...

https://mfame.guru/singapore-bunker-sales-surge-by-4-in-january/

Freight Shipping Steaming Ahead The Covid-19 Pandemic

Maritime container freight shipping is steaming ahead through the Covid-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according to industry experts.

Freightos Baltic Global Container Index

The Freightos Baltic Global Container Index (FBX), which tracks the cost of container shipping, has almost quadrupled for the China-Europe route since early November to stand at $7,827 on Friday.

The FBX reading for containers from China bound for the west coast of the...

https://mfame.guru/freight-shipping-steaming-ahead-the-covid-19-pandemic/