14MAR2019 - NEWS - Sales of marine fuel at the bunkering hub Singapore fell during February due to lower refuelling traffic

Sales of marine fuels in Singapore, Asia’s biggest ship fuelling port, fell to a three year low in February of 3.78 million tonnes, down 8.6 percent from a year earlier. The February volume was 10 percent lower than January when 4.199 million tonnes were sold. The number of ships that called in February at Singapore for refuelling, also called bunkering, fell 10.3 percent from January to a six-month low of 3,180 ships. However, bunkering calls in February were up 2.8 percent from a year earlier. The lower bunkering traffic in February was attributed to the Lunar New Year holidays in China and parts of Asia during the month, the fewer calendar days in February and possibly lower overall shipping traffic from the U.S.- China trade tensions.

Published by Editor - www.Livebunkers.com at 14-Mar-2019 06:18:34 [UTC] , contact editor at editor@livebunkers.com