Bunker prices are back to their pre-pandemic levels; What should we look out for in the next 12 months?
Brent crude oil prices are now back to the low $60s and where they were at the end of 2019, before the pandemic hit.
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VLSFO then, now and next
Twenty-one months ago seems an eternity given the challenges the world now faces yet I clearly recall sitting on a trading floor and hearing excited chatter that enquiries were being received for VLSFO. I have to say I gave a little sigh of relief to think that buyers were indeed proactively planning for what many of us will ultimately define as one of the biggest challenges within the industry and our careers, the IMO 2020 changeover.
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