Pandemic could backpedal bunker sales: "IMO 2020 has been a real life-saver"

The Covid-19 pandemic cut major chunks out of the global bunker market, and the long-term effects of the pandemic all point in the same direction. At many of the smaller players, the new sulfur regulations have been a real lifeline, assesses analyst with in-depth knowledge of the market.

Photo: Arkivfoto/Colourbox

The coronavirus pandemic threatens to swing the pendulum in the bunker market in a negative direction at a point in time when bunker companies around the world simultaneously have to deal with a shipping industry that is hard at work trying to find greener alternatives to traditional fossil fuels, assesses an analyst with in-depth knowledge of the market for buying and selling marine fuel.

"The pandemic may have had one big long term effect: depressed bunker volumes for the foreseeable future," says Jason Silber, founder and managing director at maritime credit rating agency Seacred.

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