Global Marine Fuel Sales Jump in 2024 on Red Sea Diversions

LONDON, Feb 12 (Reuters) – Global marine fuel sales jumped in 2024 after attacks by Yemen’s Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts.

Singapore bunker volumes logged fresh highs of 54.92 million metric tons in 2024, or about 955,000 barrels per day (bpd), while sales at United Arab Emirates’ Fujairah posted the first annual uptick after a downtrend for several years.

Rotterdam marine fuel sales, also called bunker fuel, rose 12% in …