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methane leaks – Advanced BioFuels USA
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CMA CGM, Shell Perform First Bio-LNG Bunkering in Rotterdam – Advanced BioFuels USA
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Tyler Baron is CEO of Minerva Bunkering, a wholly-owned subsidiary of Mercuria Energy Group, one of the largest privately-owned energy and commodities companies in the world. He talked to Claudia Carpenter and Surabhi Sahu about the prospects for bunker demand, industry consolidation and the future of bunker fuels amid the energy transition.
How do you see bunkers and bunker demand shaping up for 2021?
We re expecting a continued recovery in 2021. Our volume and inquiry flow troughed late last summer and has recovered since.
If we look at 2021 going forward, by line of shipping sector, container demand has had the healthiest recovery from the COVID trough. Industry-wide TEU volume I believe ended the year down less than 2%, and consumer spending on products has continued to be very strong on the back of fiscal stimulus and reduced ability to spend on services and leisure. So we think that remains supportive as we go into 2021.