Singapore HSFO bunkers quality issue perks up price amid strong demand

Singapore, the world’s largest bunkering port, has in the first quarter of this year witnessed several cases related to contaminated bunkers, mostly HSFO, keeping prices of the grade propped up amid elevated crude oil prices and an accelerated uptake of scrubbers, industry sources said. The FOB Singapore 380 CST HSFO cash differential to MOPS strip surged to $21.65/mt April 5,…