Federal authorities are examining whether the containership that crashed into the Francis Scott Key Bridge in Baltimore, Maryland, was burning contaminated marine fuel at the time of the incident.
Vessel traffic in an out of the Port of Baltimore, Maryland, has been suspended indefinitely in the wake of a container ship collision early today that brought down the Francis Scott Key Bridge, an accident that will force the rerouting of coal, car and light truck shipments.
The collapse of a major bridge in the Port of Baltimore, Maryland, will likely put downward pressure on dry bulk rates as ship traffic in and out of the port remains closed indefinitely.
Argus Media: Viewpoint – Bunker demand could rebound after Covid-19 vaccine
28 Dec 2020
Luis Gronda of global energy and commodity price reporting agency Argus Media on Thursday (24 December) published a summary on the various market forces that could increase demand for bunker fuel in Latin America following the release of the Covid-19 vaccine:
Latin American bunker demand could rebound in 2021 as the Covid-19 vaccines are distributed worldwide and pandemic-related lockdowns are eased.
Price levels for bunker fuel products such as high-sulphur fuel oil (HSFO) and very low-sulphur fuel oil (VLSFO) could rise close to pre-pandemic levels alongside prices in other regions as demand continues to rebound compared to the height of the pandemic in spring of 2020.