28JAN2019 - NEWS - Ocean Bunkering Services becomes top marine fuel supplier in Singapore during last year

Singapore based Ocean Bunkering Services (OBS) topped the 2018 list of largest marine fuel suppliers operating in the world's biggest ship refuelling hub. OBS, the bunkering arm of Singapore oil trader and shipper Hin Leong Group, leapt to become Singapore's top marine fuel supplier by volume last year, after ranking eighth the year before and 31st in 2016, the MPA data showed. Singapore is the world's largest marine refuelling hub, with sales totalling 49.8 million tonnes last year. Singapore suppliers of marine fuels, or bunkers, have come under pressure over the past couple of years, however, due to tougher rules and shrinking margins from increased competition, resulting in some companies exiting the market.

Published by Editor - www.Livebunkers.com at 28-Jan-2019 05:05:40 [UTC] , contact editor at editor@livebunkers.com