Bunkering has always needed finance to cover expansion and bridge cash flow gaps in a notoriously liquidity-demanding sector, and banks have often been keen to provide it. While the impacts on the multiple unfortunate creditors of the recent collapses in Singapore's bunker sector are known, the indirect impact may be more significant — it may undermine confidence in the sector at a time when the bunkering industry seeks liquidity in the run-up to 2020.
How did it come to this?
Business as usual?
We recently released our white paper on IMO 2020, which provides a summary of the major risks, potential outcomes and emerging opportunities for key players impacted by the new regulation. Find out more by downloading your free copy today.