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WFS Q2 Bunker Margins Drop on Year as Volumes Gain

WFS Q2 Bunker Margins Drop on Year as Volumes Gain
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US' World Fuel Services Q1 bunker volume falls on tough markets, IMO 2020 | Hellenic Shipping News Worldwide

US-based World Fuel Services Corp. said its first quarter marine fuel sales stood at 4.2 million mt, staying steady compared with the previous quarter but falling by 13% against Q1 of last year. Bunker traders have come under increased pressure due to heightened competition and tough shipping markets as the global coronavirus pandemic continues to . ....

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S&B ANALYSIS: WFS Q1 Margins, Volumes Sink Year-on-Year From IMO 2020 Boom


S&B ANALYSIS: WFS Q1 Margins, Volumes Sink Year-on-Year From IMO 2020 Boom
by Jack Jordan, Managing Editor, Ship & Bunker
Friday April 30, 2021
Fuel supplier
World Fuel Services saw its bunker margins and volumes sink on a yearly basis in the first quarter, falling from the highs of the
IMO 2020 transition.
$6.4 million from its marine division in the
first quarter of 2021, down by
81% from the
The company s bunker sales volume shrank by
13.4% on the year to
4.2 million mt.
$1.52/mt, down from
five years excluding
$2.28/mt.
The declines were principally driven by the strong results we saw in the first quarter of 2020, related to the IMO transition to very low sulfur fuel, ....

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