Bunker companies were hit by dual-shock in Singapore

The outbreak of coronavirus and problems at several commodity traders in Singapore have shaken up the bunker market. There are trends reminiscent of OW Bunker, Dan-Bunkering senior vice president tells ShippingWatch.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The coronavirus and a series of scandals among Singapore-based commodity traders has put pressure on the international bunker market.

The pandemic has been particularly tough on cruise ships, car carriers and offshore vessels, which has caused a dip in fuel sales.

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