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Singapore's first half bunker fuel sales rise

SINGAPORE — Sales of marine bunker fuel in Singapore climbed 8.5 percent in the first half of 2024, official data showed on Monday, as shipping disruptions in the Red Sea boosted global bunkering demand, though demand slowed month on month in June.

Total sales at the world's largest vessel bunker hub were at 27.2 million metric tons in the first half, compared to 25.1 million tons a year earlier, data from Singapore's Maritime and Port Authority (MPA) showed.