PortNews reports Singapore has surpassed Rotterdam as the world’s largest bio-bunkering port.
During Q3, Rotterdam’s biobunker sales dropped by more than 40% compared to Q2 and by a quarter on the year while Singapore jumped by more than a quarter compared to Q2 and more than 67% on the year.
A market analyst at the Port of Rotterdam believes that the lower biobunkering there could be as a result of more in Singapore, indicating a shift in market demand but also a lack of sufficient supply availability, but the Dutch government also significantly reduced its subsidies on marine biofuel earlier this year.