Termoil Sees Bunker Margins Improve H2 2026 | Mariner News

Termoil, a prominent marine fuel trading firm, forecasts a significant improvement in bunker margins during the second half of 2026. This optimistic outlook was shared at their 10th annual IE Week reception in London, where industry leaders gathered to discuss the future of the shipping fuel market. Despite recent stresses, the company anticipates a positive shift, offering a hopeful perspective for fuel suppliers and the broader maritime sector.

Outlook for Marine Fuel Profitability

Bjarke Staal, Termoil’s general manager and partner, highlighted key factors contributing to this projected recovery. Staal noted that while the bunker market has faced challenges with lower volumes and margins, pressure is expected to subside as oil prices begin to rise again. Furthermore, an anticipated improvement in the geopolitical landscape throughout the year is poised to support increased global trade, directly impacting bunker volume and overall market stability.

Global Trade Recovery Fuels Demand

The firm strongly believes that global trade will experience a notable pickup by mid-2026. This resurgence in international commerce is a critical driver for enhanced demand in the marine fuel sector. More trade means more vessel movements, translating into greater consumption of ship fuel and subsequently healthier bunker fuel margins. The discussions at IE Week underscored a collective expectation for a more robust operating environment for the shipping industry.

This positive forecast from Termoil offers valuable insights for stakeholders across the maritime value chain. As the industry navigates economic shifts, the prospect of improving bunker profitability provides a welcome sign of potential growth and stabilization for the vital marine energy sector in the coming year.