2020: Time for Shipping Companies to consider a new Fuel Procurement strategy

Certain shipping companies, especially the larger ones, are better at understanding their exposure, most however just seek the best price of the day. To overcome this shortfall, almost all rely on traders who, through their global networks, provide access to information on pricing, quality and availability. Less than a handful offer strategic insight, quality control and risk management. The unregulated infrastructure of the marine fuels market has made the need for traders essential. Unfortunately, there are too many traders and only a few deliver true value in what is an ongoing stagnant market where sustained low prices have kept marginal traders in the mix.

 

https://shipandbunker.com/news/world/142751-2020-time-for-shipping-companies-to-consider-a-new-fuel-procurement-strategy