Singapore sells less marine fuel in August
Lower sales in line with fewer vessels calling at the Republic for refuelling
Singapore, the world's leading bunkering hub, experienced a 3.9% decline in marine sales year on year in August, according to figures released by the Maritime and Port Authority of Singapore on September 14. Despite this decrease, the country's sales of marine fuel reached nearly 4.8 million tonnes, marking the second consecutive month of year-on-year decline since the onset of the Middle East war in April. The earlier 8.6% month-on-month drop in April was attributed to the war's impact on the region.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Singapore sells less marine fuel in August as higher prices bite businesstimes.com.sg
