Bunker Holding company sees fierce competition after oil price plunge

2020 was a dramatic and tough year for bunker supplier Glander International Bunkering. The oil plunge created tailwinds for smaller players in particular, and Glander International Bunkering thus hopes for increasing oil prices in 2021, CEO tells ShippingWatch.

Photo: PR-foto.

While several smaller bunker operators benefited from the sliding oil prices in 2020, it was far from advantageous to larger players such as Glander International Bunkering, part of the Bunker Holding group.

Lower oil prices mean that smaller bunker suppliers can sell more fuel before reaching their credit limit for customers. On the other hand, the smaller players will hit their credit ceilings faster when prices are high.

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