A steep decline in prices is said to be behind thelarge increase in sales at the world’s largest bunker port.
Sales volumes for April were over 3.6mt up from theprevious month’s 3.36mt, data from the Maritime Port Authority (MPA) showed.
At its lowest point in April prices for thebenchmark 380-cst bunkers fell $42.50 per tonne to $592.50 per tonne.
The drop was triggered by a fall crude oil prices followinga slew of negative economic data from the US and China.
“We
