Few traders in the global bunker market will meet the risk management criteria to be considered a strong and ethical counterparty

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

Vitol warns against uncertainties in sulphur regulations

Will the new regulations of IMO’s sulphur cap 2020 be an opportunity or a disaster? According to CEO of commodities trader Vitol there is no clear answer to that question. The majority of carries and other parties still have not decided what to do regarding how to comply with the regulations. What part will the use of scrubbers play and will they have a significant effect on the outcome?

Read more here: ShippingWatch