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Bunker volumes declined in Q1 while prices soared

The war in Ukraine has caused considerable unrest on the bunker market. Volumes have dropped in the year’s first quarter compared to the same period last year. Bunker prices have surged, which is both good and bad for suppliers.

Increase in bunker volumes at the Port of Rotterdam but decrease at several Asian ports, according to report. | Photo: PR / Port of Rotterdam

Russia’s invasion of neighboring Ukraine has caused considerable unrest on the global bunker market, with major changes in volumes, bunker prices and trade patterns.

This is evident from a report on the first quarter this year by consultancy Blue Insight in collaboration with Ship & Bunker.

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