Shipowners are keen to buy bunker fuel to meet their needs in the coming months via physical or derivative trading, according to market participants.
The price war among oil producers has resulted in a weak, yet volatile bunker market, providing incentives for buyers of marine fuel to lock in supplies at low prices.
“As crude oil prices have now reached a point that many buyers never experienced in their working life, there is more interest in locking in bunker exposure, no matter if you are an owner, operator or charterer,” bunker supplier Monjasa chief operating officer Svend Stenberg Molholt told TradeWinds.
