Singapore bunker demand remains firm owing to Red Sea diversions
Vessels are bunkering higher volumes in Singapore to complete longer voyages around the Cape of Good Hope, as bunker supply is scarce in some locations such as South Africa
Singapore bunker sales held near 5m tonnes in January, as the world’s largest bunkering hub remains among the best locations to refuel for vessels on the Asia-Europe trade that need to sail longer because of Houthi attacks