2021 looks set to be a year of radical change for the world of shipping and bunkering, with the value chain being rocked by tightening lines of credit, question marks over fuel quality and the pressure to be compliant to European regulations.
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.
Do you have your finger on the pulse of the bunker industry? Do you know what challenges your suppliers and buyers are facing? Are you tapped into the industry enough to define the best price for bunker fuel?
What to expect:
- An insightful overview of the European Bunker Fuels Market
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 is 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.