Falling Bunker Fuel Premiums in Singapore Reflect Slow Shipping Market
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 premiums for the most actively traded very low sulphur fuel oil (VLSFO) grade, which contains maximum 0.5% sulphur, have tumbled over 65% compared to early...
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[post_content] => 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 premiums for the most actively traded very low sulphur fuel oil (VLSFO) grade, which contains maximum 0.5% sulphur, have tumbled over 65% compared to early...
[post_title] => Falling Bunker Fuel Premiums in Singapore Reflect Slow Shipping Market
[post_excerpt] => 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 ...
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