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Free AccessHigh Sulfur Bunker Sales at Post Legislation High in Singapore
Singapore bunker fuel sales rose 8.3% month on month to a one-year high of 4.251 million mt in October.
- October bunker sales were mostly steady year on year and compared with 4.255 million mt in October 2021.
- Sales of the high sulfur grades climbed 17.6% month on month to 1.311 million mt, the highest monthly volume since the International Maritime Organization's 0.5%S marine fuel mandate became effective January 2020.
- High sulfur bunker sales accounted for 30.9% of the total sales, the biggest share since the mandate was announced.
- Sales of IMO-compliant marine fuel rose 4.6% month on month and 4.4% year on year to a five-month high of 2.586 million mt in October.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.