Singapore bunker sales rebound as China reboots economy
The world’s top bunkering hub booked an increase in its March marine fuel sales as cargo flowing through its port expanded during the same month. The rise in fuel demand was driven by China normalising economic activity, which came to a standstill amid the coronavirus outbreak. In relation to international trade, fewer containerships called at Singapore’s terminals last month as the Asia-Europe trade has yet to normalise, with key economies in Europe still effectively closed for business
Singapore has posted 4.32m tonnes in marine fuel sales for March, which is up year on year from 4.09m tonnes. Sales are rising as China gets back to normal working life
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