7 days ago • Posted by Martin Boujol

Singapore has a solid grip on the marine fuel sector, not for long

China is slowly building its market share in the marine fuel sector, a $30 billion market. While Singapore remains the dominant marine fuel supplier in Asia, China is growing, luring more and more chips thanks to a rapid expansion of its shores and refining facilities. Its sales have almost doubled in the past 5 years, and the nation keeps convincing countries like South Korea and Japan. Source: OilChem, Maritime and Port Authority Singapore, Bloomberg

Singapore has a solid grip on the marine fuel sector, not for long
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