EMEA News
Turkish Sources See Bunker Market Recovering in 2-3 Years
Turkish bunker demand may return to its pre-COVID-19 record level in about two or three years, according to local sources.
Total demand in the first half of 2020 was 1.1 million mt, according to energy market regulator the EPDK, down by 12% from the same period a year earlier.
"The record volume for Turkey was in 2018 -- a total of 3 million mt," a source told Ship & Bunker Friday.
"The 2019 total was 2.5 million mt, so we can recover to 2019's level quickly, but reaching 2018's level will take two or three years."
Turkey's reputation as a reliable bunkering hub will help it recover quickly, the source argued, with its bunker supplier licensing scheme and requirements on barge loadings being measured by mass flow meters.
Mustafa Muhtaroğlu, CEO of local supplier Energy Petrol, is due to talk about the Turkish market and the wider bunker industry at the IBIA Annual Convention 2020 in November.
The global convention, being held online this year for the first time, will cover three days from November 3.
In addition to attendance, there are a number of opportunities now open to participate in the IBIA Annual Convention 2020:
Sponsorship opportunities (More details here: https://bit.ly/IBIASponsorship)
Host a Virtual Exhibition Booth ((More details here: https://bit.ly/IBIAConvention2020-VEB)
Deliver your own on-demand presentation
Participate in a regional or global panel discussion
Those interested in speaking opportunities can contact Sofia Konstantopoulou by email at: Sofia.konstantopoulou@ibia.net.
Those interested in sponsorship opportunities can contact Paul Davis by email at: pd@shipandbunker.com.
