- Coronavirus pandemic and oil price collapse is set to negatively affect the marine industry.
- The collapse could contract by at least 10% year on year.
- There is a narrowing spread between VLSFO and HSFO.
- The tight HSFO supply is a concern for shipowners planning to install scrubbers.
- Singapore 380 CST HSFO cargo was at a discount of $327.47/mt.
- NYMEX April WTI moved $3.01/b higher on the day to $23.38/b.
- IMO’s global low sulfur mandate will actually lead to a surge in the emissions of a super...
http://mfame.guru/bunker-industry-to-shrink-by-10-due-to-covid-19-and-low-oil-prices/