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Another bunker supplier leaves Singapore

One more bunker company has decided not to renew its license in Singapore and will thus leave the vital market for marine fuel trading. This marks the third company to leave Singapore in just a short period of time.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

Another bunker company is now leaving Singapore, the world's largest market for trading marine fuel.

A spokesperson for the country's maritime authorities tells Reuters that Uni Petroleum opted not to apply for renewable of its bunker license.

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