Singapore risks ship fuel shortage

The world's largest trading port for ship fuel is at risk of having depleted inventories. Factors such as the upcoming global sulfur cap and sanctions against Iran are prompting companies to sell their fuel.

Singapore may end up with a shortage of ship fuel, called bunker in the shipping industry – and that is a problem for the port, which is world's largest center for bunker trading.

A series of factors, including the IMO's upcoming global sulfur cap, which will enter effect from January 1, 2020, as well as the reimposition of sanctions against Iran, are prompting bunker companies to sell off their inventories, reports Bloomberg.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs