7 days ago • Posted by William Ramstein

The Chinese are increasing their marine fuel market share, challenging Singapore

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 $30 billion in Asia, but Chinese growth is accelerating. Source: Bloomberg