Depressed bunker sales point toward shakier world trade outlook

Global seaborne trade is showing signs of weakness as bunker sales and prices decline, with VLSFO prices dropping 20% year-on-year. Singapore and Fujairah report a 9% decrease in VLSFO sales in February, reflecting a slowdown in trade as seen in declining ship visits and tonnage. Clarksons Research projects a 1.2% growth in seaborne trade for 2025, down from the 2.1% growth in 2024.

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