Singapore’s 2020 bunker fuel sales likely to stay steady Despite Ocean Bunkering’s interim absence, Singapore bunker suppliers able to meet demand Transition to IMO 2020 rule smooth as PSC’s ratcheted enforcement globally Singapore — Global bunker fuel demand is likely to fall by 5%-10% year on year in 2020 as the coronavirus pandemic slows trade and impedes shipping and ship crew movements in many countries, a bunker industry expert said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Major bunkering hubs worldwide likely saw their bunker fuel sales rise in the first few months of 2020 due to strong LSFO [low sulfur fuel oil] demand. But the COVID-19 crisis has caught the world off-guard,” Simon Neo, executive director at Singapore-based consulting firm SDE International, told S&P Global Platts on May 26. Singapore’s April bunker fuel sales volume rose year on year as shipowners availed […]