Dry Bulk Moves Billions of Tons, but Fuel Is Not Guaranteed

Marine fuel shortages are hitting smaller ports, where bunkers are not guaranteed and owners must reserve fuel before a voyage begins. Speaking in June 2026, Tom Beney, StoneX SVP of Ocean Freight, explains how Singapore became the busiest ship fueling hub in Asia and why smaller ports cannot match it. Every ship moving between the Atlantic and Asia passes through the Strait of Malacca and past Singapore, which built a whole industry around fueling and supplying them. Shipping carries no strategic fuel reserve of the kind crude oil markets hold, so owners call agents ahead to secure bunkers where supply is uncertain. Dry bulk moves more cargo than any other seaborne segment, and ships that deviate to find fuel push freight costs up. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_tom_beney&utm_content=share Watch the original interview: https://www.youtube.com/watch?v=6wtk7ppEz0g 0:00 Singapore Fuels the Ships 1:08 Shipping Has No Fuel Reserve 2:10 Ships Deviate to Find Fuel 2:30 Dry Bulk Feels the Squeeze Like and subscribe for more financial market insights. #Shipping #DryBulk #StoneX #TomBeney