World News
Cruise Sector: Looking for a Safe Haven
The unfolding Covid-19 pandemic has caught the cruise sector between a rock and a hard place.
There are currently between 20 to 30 cruise ships at sea and completing their journeys while, ultimately, looking for a secure anchorage.
But in the febrile atmosphere surrounding the coronavirus outbreak, finding a port is easier said than done.
The Costa Victoria docked at the Italian port of Civitavecchia yesterday.
Bunker sources say that the ship is one of four from the company looking for a safe berth.
Many ports are either refusing to let cruise ships dock or are imposing quarantine rules, a case in point being the Artania, which is currently anchored off Perth and has been told to leave Australian waters, Deutsche Well reports.
However, US ports are open to returning cruise ships, according to cruise industry assocation CLIA whose members suspended US cruise operations from mid-March for a month.
But cruise ships, with or without passengers, still need fuel thereby providing some cheer for bunker traders.
"The end of this week has definitely been busier [on the back of cruise ship demand]," one Mediterranean-based bunker trader said.
But further down the line, grounds for optimism are thin.
A northwest Europe-based trader noted the absence of cruise tenders for fuel which would normally be taken about now.
"They will do spot this time, I think. Or simply not come," the trader said.
About Julian Macqueen
Julian is Ship & Bunker's Senior Editor and has over 20 years' experience covering the maritime and energy industries. In addition to being the editor of the Oxford-based Bunkernews in the late nineties, his career has included appointments at Lloyd's List, Tradewinds, Bunkerworld, and S&P Global Platts.
Julian is based in London, UK.
About Ship & Bunker
Ship & Bunker is the world's most read publication focused on the marine fuel markets. Completely independent, it is the leading industry authority providing comprehensive daily news, exclusive in-depth features and analysis, along with daily & historical bunker price indications.
To contact the editor responsible for this story email us at editor@shipandbunker.com
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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