ANALYSIS: Singapore Monthly Bunker Sales Climb to Highest Level Since July
October's was up by 3.2% from the same month a year earlier and by 3% from September's level.
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October's was up by 3.2% from the same month a year earlier and by 3% from September's level.
Disruption at two bunkering locations in Europe and one in the US, as well as a conscious retreat from lower-margin business, has helped drive marine volumes to the lowest level since Q2 2020, the firm's CEO and CFO explain.
The Q3 total was down by 8.4% from the previous quarter, by 12.3% from Q3 2022 and the lowest quarterly figure since Q2 2021.
About 1.5% of the VLSFO samples analysed by Verifuel in the third quarter of 2023 were found to be off-specification, the company tells Ship & Bunker.
The total was down by 7.2% from August's level, by 5.9% from September 2022 and the lowest monthly total since June.