How global market volatility and European regulations are changing the bunker industry
With the industry still reeling from the effects of IMO2020, it is now more important than ever that bunker professionals are tapped into the pain-points and opportunities that exist in the market today.
What to expect:
Find out what the main challenges are in the market today, including: the key trends in the bunker buying market; supply and demand dynamics that are impacting the value chain today; and what the next steps are for the industry.
- Understanding the impact of upcoming regulation
IMO2020 continues to be changing the way businesses work, but the fast-approaching EU ETS regulations are causing new headaches, how will it impact the bunkering industry? How will prices change to combat tighter restrictions? Will lower-emissions fuels be the only step for suppliers?
- The continuing issue of credit
Due to the global pandemic conditions for gaining lines of credit are tougher than ever, with mid and small sized enterprises being hit hard. Banks slashed available capital to marine fuel sector by 10% over 2020, the value chain must respond with increased transparency in order to increase the flow of credit in the industry.