China Wants A Piece Of The $30 Billion Shipping Fuel Market 

China has been raising its marine fuel sales in recent years, aiming to grow its share of Asia’s large bunkering market, which is valued at more than US$30 billion and is dominated by Singapore, Bloomberg reports. Singapore, the leader of the bunkering market, sold nearly 50 million tons of marine fuels in 2020, according to data on bunker sales in port from the Maritime and Port Authority of Singapore (MPA). That’s around one-fifth of all bunker sales in the world for last year, according to Bloomberg. China, for its part, is estimated…