Media: Singapore's bunker companies looking to expand

At least three bunker suppliers in the world's top bunkering port in Singapore are prepared to expand their operations as the market for ship fuel grows, writes Platts.

Photo: Hyundai Merchant Marine

Three bunker suppliers in Singapore are looking to grow their profits in light of an overall growing market for bunker supplies, reports Platts.

"The pie is getting bigger. But there's also going to be a redistribution as some players exit or downsize operations," one industry source tells the media.

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 ShippingWatch

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs