World News
Bunkers Starting with a "2" Now Firmly in Place
Monday January 5, 2015
Happy New Year! A new trading day had oil prices continuing their decline which is good news for bunker buyers as both benchmarks were down over 5%!
Bunkers starting with a "2" is now firmly in place. While we think it extremely unlikely for them to start with a "1" again we can hope that it happens during the next year.
Avails of 0.1% ECA friendly MGO seem to be in order once again with suppliers ready to supply it in many locations around the world.
Buyers should keep any eye on the market as we maybe approaching the bottom soon.