Confusion reigns in bunker and shipping markets

Spent Monday and Tuesday [June 27-28] at the Platts Bunker & Residual Fuel Oil Conference in Houston, smoothly hosted by John-Laurent Tronche, (Managing Editor, US Oil Markets). An array of in-house experts presented, including Richard Swann (Editorial Director, Americas Oil), Barbara Troner (Managing Editor, Americas Tankers), and Shu Hui Goh (Editor, Fuel Oil and Bunkers, Asia Pacific and Middle East). This Platts quartet was joined by an illustrious and entertaining cast of panelists featuring Mikkel Søholm Vestergaard of Dan-Bunkering, Will Bathurst of Peninsula Petroleum Ltd, Al Troner of Asia Pacific Energy Consulting and Adrian Tolson, a towering figure in the bunker industry. We were treated to ominous talk of ever-stricter sulfur regulations and scrubbers, middling tanker rates and miserable bulk freight markets, the lingering, menacing ghost of OW Bunker and Singapore’s complicated bunker scene. Discussion then shifted to Mexico and its transformation from an exporter of commodities to a world class manufacturer, and south to the Panama Canal and the emerging implications of its widening for world trade. But in the bunker and shipping markets, confusion reigns: the largest and most admired bunker company vanishes overnight. Charter rates hit historic bottom only to sink even further. Only the unexpected is

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Source: CTRM Center

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