Ships Refueling in China Show How Congestion Is Reshaping Demand
- China’s bunker fuel demand rose 1.9% in first quarter: OilChem
- Some ships delayed in China decide not to refuel in Singapore
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Port congestion in China is prompting more vessels to refuel at the country’s ports as the worsening Covid-19 outbreak forces the reconfiguration of shipping routes.
China supplied 4.9 million metric tons of bonded bunker fuel to ships in the first quarter of this year, 1.9% more than a year earlier, according to Tian Qiujin, an analyst at OilChem, which tracks the data. That compares with a 12% drop in bunker sales in Singapore -- Asia’s biggest refueling hub.