Asia's shipping fuel demand to rise 2 percent

(MENAFN) Asian shipping fuel demand tends to keep rising with 2 percent in 2014, while more supplies are being transported in the area, Khaleej Times reported. Overflowing fuel supplies from Middle East and Europe assures that the market is provided. Suresh Sivanandam of Woodmac said: "We are seeing a steady growth in bunker fuel demand in line with Asia's increasing trade with other regions." It is expected that global economy will grow 3-4 percent during the current year, as increased expansion in the United States and some of Europes's leading economies are covering decreasing growth in china.