ANALYSIS: Singapore LSFO, LSMGO 2018 sales may draw more bunker players as demand jumps"We have had a big step up in inquiries from shipowners, especially recently," a Singapore-based source said.
Hafnia, BW Tankers merger operationalizes; eyes higher demand"All the core elements are in place," Andreas Sohmen-Pao, chairman of the merged company said at an industry event.
Singapore Data: 2018 Bunker fuel sales fall 1.6% on year to 49.8 mil mtTotal bunker sales volumes in Singapore dipped 1.6% year on year to 49.8 million mt in 2018.
Singapore HSFO viscosity spread drops to all-time low on more LCO, VGO inflow"LCO cargoes are heading to Singapore from South Korea and Japan because China is not buying as much as before," a Singapore based trader said.
China's move on discharge from scrubbers may aid LSFO demandChina's demand for LSMGO is expected to rise 32% and LSFO demand likely to rise 44% on year in 2019, according to Platts Analytics