CLAVE 1 / 4Singapore’s bunker sales rose to 28.2 million tonnes in the first half of 2026, a near 5% increase year-on-year.
CLAVE 2 / 4Over half of Singapore’s bunker feedstock previously flowed through the Strait of Hormuz, now a flashpoint for global shipping.
CLAVE 3 / 4Modern VLCC values have surged to $130 million, matching 2008 levels amid an ageing fleet and tight tonnage supply.
CLAVE 4 / 4Gus Majed: "Middle East risk has been repriced, and no signature prices it back overnight."
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