Singapore Bunker Sales Dip Below 50mn t in 2018

Bunker sales fell $379/mt in December when compared with $462/mt in November.
The reason for fall has been attributed to fuel oil contamination issue and the continuing US-China trade war.
Weak demand in November from refiners to use fuel oil has left the market with a grade mismatch and has created a shortage of 380cst high-sulphur fuel oil (HSFO) bunker fuel supplies.
Sales of 0.1pc low-sulphur marine gas oil (LSMGO) in December reached an all-time record of 191,000t, up by over 50,000t from...