Bunkers are a relatively small part of the overall oil market, accounting for just over 6%.  It is what is happening elsewhere in the industry that sets the underlying price in our market, but of course with a number of factors that determine if VLFSO, HSFO or MGO prices are relatively strong or relatively weak in comparison with crude oil and other product prices.

In the past couple of months, it has been a somewhat quieter period in the bunker industry, particularly with regard to VLSFO and LSMGO, with relatively low prices and abundant supply generally……..