Bunker sales in Singapore declined to 3.48 million tons in June, the lowest seasonal volume since 2009 and the second consecutive monthly drop, per the Maritime and Port Authority. The weakness points to softer refueling demand and shipping activity, potentially pressuring bunker fuel suppliers and port-related revenues in the near term.
Bunker sales in Singapore declined to 3.48 million tons in June, the lowest seasonal volume since 2009 and the second consecutive monthly drop, per the Maritime and Port Authority. The weakness points to softer refueling demand and shipping activity, potentially pressuring bunker fuel suppliers and port-related revenues in the near term.
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