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IBIA: Coronavirus crisis could trigger double-digit drop in demand for bunker oil

The International Bunker Industry Association, IBIA, projects a drop in customers' demand for bunker oil in 2020 of up to 17 percent.
Mindre gang i verdenshandlen rammer efterspørgslen efter bunkerolie. | Photo: Arkivfoto/Colourbox
Mindre gang i verdenshandlen rammer efterspørgslen efter bunkerolie. | Photo: Arkivfoto/Colourbox
by DAG HOLMSTAD

The coronavirus crisis, which has severely disrupted the global economy and worldwide seaborne trade, also takes its toll on the demand for bunker oil for the commercial fleet.

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