If year-to-date sales were replicated over the rest of 2025, this year's total for Singapore would reach 51.42 million mt, down by 5.6% from 2024's record high.
The US has imposed sanctions on Shandong Shouguang Luqing Petrochemical, along with several shipping companies and tankers, for transporting Iranian crude oil.
The platform seeks to collect data already being gathered in one place to give as much visibility as possible on the fuels being bunkered, a Studio 30 50 representative tells Ship & Bunker.
This move is designed to provide much-needed financial flexibility to small and medium-sized enterprises (SMEs) in the maritime sector, addressing the liquidity challenges that often hinder their operations.