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FreightWaves reports that credit risks are rising across the bunker fuel supply chain ahead of IMO 2020, citing SeaCred's comments that prices could double. Suppliers and traders are raising credit lines and weighing counterparty risk.
Possible doubling of marine fuel prices and credit strains could raise ocean freight costs and disrupt bunker supply, feeding into feed-ingredient shipping rates.
freightwaves.comGreg MillerJun 14, 2019Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
