Singapore’s ship-fuel sales surge as global trade flows jolted

Ship-fuel sales in Singapore rose, with an increasingly large fleet of vessels calling at the hub as tensions in the Red Sea snarl global trade.

Purchases expanded 14% in May from April, snapping a four-month streak of declines, to more than 4.8 million tons, according to data from the port authority. Some 10,717 ships arrived in May, up 3.8% from a year ago, as cargo throughput surged 12%.