Bloomberg: Profit Gain in Singapore Bunkers May Jump 24%

“The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24 percent in 2011 after the worst slump in at least two years, a Bloomberg News survey showed….China’s booming economy is powering Singapore’s container traffic, fanning demand for fuel to drive ships just as supplies get squeezed by rising power-station use elsewhere in Asia. Sales of bunkers, which surged to an all-time high in 2010, may advance a further 9 percent this year, according to Poten & Partners, Inc., a New York-based energy adviser and shipbroker. “