PUBLISHED : 25 Jan 2024 at 11: 42 Container cranes are visualized at the port of Singapore, on June 10,2018 (Photo: Reuters) SINGAPORE – Shippers and trading companies are dealingwith longer waits and greater rates for low-sulphur fuel shipment at Singapore, the world’s top bunker center, as refuelling need increases due to ship diversions from Red Sea stress, market sources informed Reuters. Ships are topping up more at centers such as Singapore where fuel is more competitively priced compared to farther-flung ports, after a growing number of vessels re-route around Africa to prevent possible attacks. As a result, schedule of slots for bunker barges, which supply marine fuel to ships, has tightenedup for the most actively traded really low sulphur fuel oil (VLSFO) grade. The crunch is likewise worsened by some operators formerly transforming their low-sulphur barges to high-sulphur barges, bunkering sources stated. Refuelling need for high sulphur fuel oil has recuperated in current years af
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