Singapore's Maritime Crossroads: More Ships Arrive as Middle East Reroutes Global Trade, but Bunker Sales Dip and Leadership Shifts

Singapore welcomed 11,631 vessels in August — a 4% year-on-year increase — as the prolonged Middle East conflict forces shipping lines to reroute away from the Strait of Hormuz and the Red Sea. But here's the twist: bunker fuel sales actually fell 4% over the same period. Ships are arriving, but they're conserving fuel on longer routes and high oil prices are trimming appetite at the pump. The Maritime and Port Authority data paints a picture of a port benefiting from...