Singapore bunker sales hit six-month high

3PL Features Tankers

Shipowners said to be buying larger parcel sizes due to introduction of mass flow meters.

Singapore
saw
bunker
sales
jump
to
a
six-month
high
last
month,
despite
concerns
over
the
introduction
of
mass
flow
meters
(MFM).

Total
bunker
sales
surged
6.8%
year-on-year
to
4.4mt.
Year-on-year
growth
for
the
year-to-date
has
averaged
3%.

The
increase
in
sales
has
quelled
doubts
that
the
compulsory
use
of
MFMs
in
Singapore
may
raise
operating
costs
and
lead
to
a
fall
in
demand,
said
the
Ocean
Freight
Exchange
(OFE).

“Instead,
the
introduction
of
MFMs
have
raised
barging

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Dale Wainwright