Coronavirus Outbreak Pushes Bunker Spread Record Low and Scrubber Premium Fall!

Capt. John
  • Q1 saw record low bunker spread and scrubber premium sliding.
  • Bunker price differential to end the quarter at $79/mt (Rotterdam prices on March 31st).
  • Scrubber premium declined sharply over the course of the first 3 months of the year and ended the quarter at $2,699 for capesizes and $1,319 for panamaxes.
  • Scrubber installations planned for the balance of 2020, will increase the total number of scrubber ships to about 3,500 by the end of the year. 
  • Coronavirus outbreak has shrunk bunker spread...

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