Singapore's marine fuel sales increased 7.9% YoY in June to 4.22 million MT due to Red Sea diversions.
Singapore's marine fuel sales rose 7.9% YoY in June to 4.22 million MT due to Red Sea diversions boosting demand. Conventional and biofuel bunker sales in the first half of 2024 reached 27.2 million MT, up 8.5% from the same period in 2023, driven by shipping disruptions and longer voyages. LNG bunker sales hit fresh highs in June, reflecting a shift towards alternative marine fuels.
July 15, 2024
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