Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Bunker respite for owners in 2008?

Tokyo: Tokyo-based bunker trader IBS maintains in its annual forecast that bunker prices could decline next year.
The ceo of the firm, Soren Bo Duvier Nielsen, said: 'Everybody's still having both eyes on the oil price. After the price came close to 100 dollars a barrel late in 2007 it has resided somewhat and I see this as a more permanent basis from where we have to go.'
Volatility will still be there in spades, Nielsen stressed, but thought oil prices might decline to somewhere between US$50-70 per barrel, though the trend of box players to slow steam is likely to continue.  [31/12/07]


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish