EnergyWatch

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.

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