Panellists attending the Asian Logistics and Maritime Conference in Hong Kong, 23 November, were broadly sceptical about the use of scrubbers amid upcoming emissions regulations.
Lloyds List’s recent feature on the global sulphur cap – if you are a subscriber, have a read of the story here.
The surest way to minimise exposure to potential dangers is dealing with a strong counterparty. Despite recent underlining of the importance of seeking out and working alongside strong partners in the bunker sector, the risk management advice pertains across the wider industry.
Recent events have shown that ship owners and suppliers still need bunker traders. As in any commercial transaction, there are key criteria to be considered when selecting a trader counterparty. There are hundreds of traders in the global bunker market but few will meet the risk management criteria to be considered a strong counterparty.
Read more here: Lloyd’s List