Marine fuel demand at some of the world’s largest bunkering hubs has held up firm during the coronavirus pandemic, official sales data show.
In Singapore, the world’s largest bunkering hub, total sales increased to 4.32m tonnes in March from 4.09m tonnes in the same month of last year.
“I reckon April will [also] be strong actually…more tankers arriving and also we see more capesize moving towards the Atlantic,” said a Singapore-based broker.
