Marine Fuel: The Next Market Share Battleground In Asia ...Middle East

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Marine Fuel: The Next Market Share Battleground In Asia
source : OILPRICE ( Middle East ) () 18
For decades, Singapore has been the world's pre-eminent marine fuel hub, accounting for 21% of the 230 million metric tonnes global bunker market. But a spate of measures undertaken by Beijing over the past few years is helping China reshape global shipping fuel markets and undercut rivals from Singapore to South Korea by becoming the world's fastest-growing major marine fuel hub. China has emerged as Singapore's greatest competitor in the high-stakes global bunker industry after marine fuel sales by the Middle Kingdom almost doubled over the past…

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