S&B ANALYSIS: Singapore Bunker Volumes Slip to Lowest Since June 2020
by Jack Jordan, Managing Editor, Ship & Bunker
Monday June 14, 2021 Bunker demand in
Singapore, the world s largest marine fuels hub, declined on a monthly basis to the lowest level in 11 months in May, while advancing slightly from the level seen in
May 2020 at the start of the COVID-19 crisis. The city-state s total demand reached
4.1 million mt in May, according to preliminary data from the
Maritime and Port Authority, down by 4.3% from the previous month and up by
3.7% from May 2020. 2.8 million mt, HSFO sank by
9.7% to 6% to
24.1%, down from 25.6% the previous month.