Survival of the Fittest
It’s not just weakened trade causing trouble for Panama’s bunker suppliers. Competition from outside the region offers a fresh threat – and an opportunity for others, John Rickards writes
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Industry News
New North Sea bunkering terminal
UK-based ports company Associated British Ports (ABP)
says it has spent more than £250,000 (US$329,000) building a new fuel bunkering facility at Lowestoft, aimed at supplying the UK Southern North Sea (SNS) energy sector.
OW's auditors fined
Two auditors from accountancy firm Deloitte have been fined a total DKK 200,000 (US$ 31,840)
by the Danish Board of Auditors for their role in the audit of now bankrupt major bunker player OW Bunker before the company’s listing in 2014, according to press reports.
Aegean quits as Singapore physical supplier
New offering introduces unsecured finance via digital platform
Digital bunker fuel and lubricant platform Bulugo has partnered with Whitehall Finance to offer bunker fuel and lubricant buyers up to US$20 million external unsecured finance.
Grim up North
Softening trade and a chaotic US pandemic response have hurt North American economics, and even fierce fuel sales competition in Houston doesn’t stop the overall picture looking pretty gloomy right now, according to John Rickards
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