ShippingWatch

Singapore's grip on Asian bunker market challenged by China

Marine fuel sales in China have risen for the fifth straight year, spurred by competitive prices and an expansion of port and refining facilities. Singapore's status as the dominant supplier on the Asian market is under threat.

Photo: Bhp/Reuters/Ritzau Scanpix

Singapore is facing the greatest competition yet to its status as the dominant marine fuel supplier in Asia, with China luring more ships to its shores following a rapid expansion of its port and refining facilities.

China's marine fuel sales – known in the industry as bunkering – have almost doubled over the past five years and the nation is banking on attracting ships that travel to nearby ports in major economies such as South Korea and Japan. Singapore still has a commanding position as the top supplier to a sector valued at over USD 30 billion in Asia, but Chinese growth is accelerating.

Read the whole article

Get 14 days free access.
No credit card required.

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

Trafigura urges prompt climate regulation of shipping

The legislation of shipping's transition to sustainable production cannot come soon enough, said Transfigura's head of decarbonization at ShippingWatch's conference Tuesday. The industry should work towards regulation to avoid stricter demands in the future.

Further reading

Related articles

Trial banner

Latest news

See all jobs