World News
Glander Sees Limited Demand Impact From COVID-19 Pandemic So Far
Marine fuels seller Glander International Bunkering has seen a limited demand impact from the COVID-19 pandemic so far.
"Up to now, we haven't seen a severe drop in demand," CEO Carsten Ladekjaer said in a webinar hosted by price reporting agency Argus Media this week.
"That doesn't mean it will not happen; we do feel there is a backlog.
"We do anticipate some slowdown, but it is not evident yet."
Senior bunker sourcer Sean Burgin said demand had been good, and in most cases above average, up to March, but was starting to decline by April.
"We try to follow the situation very closely so that we can base our decisions on facts nad not just assumptiions," Ladekjaer said.
"It's very human to start assuming, especially when you get bombarded in the media with how bad things are.
"But then when you look at some of these numbers, they don't look as bad to us, at least up to now.
"I don't think shipping will be as affected as badly as other industries."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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