Singapore’s LSFO arbitrage inflows from West to drop further in March on Red Sea woes
February 29, 2024 Comments Off
Singapore’s low sulfur fuel oil arrivals from the West are expected to witness a sizeable drop for a second straight month in March, as arbitrage economics remain mostly unviable amid the ongoing geopolitical tensions in the Red Sea . The world’s largest bunkering hub of Singapore is now expected to receive around 1.4-1.7 million mt LSFO from the West in…
Singapore’s LSFO arbitrage inflows from West to drop further in March on Red Sea woes
Singapore’s low sulfur fuel oil arrivals from the West are expected to witness a sizeable drop for a second straight month in March, as arbitrage economics remain mostly unviable amid the ongoing geopolitical tensions in the Red Sea . The world’s largest bunkering hub of Singapore is now expected to receive around 1.4-1.7 million mt LSFO from the West in…
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