Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/dynamic-oil-trading-expands-singapore-team-with-ne-2.shtmlContinued demand for credit will lead to more consolidation among bunker companies – says Dynamic Oil Trading
Dynamic Oil Trading highlighted liquidity and credit as the single biggest challenge in the shipping industry
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Dynamic Oil Trading highlighted liquidity and credit as the single biggest challenge in the shipping industry when it comes to fuel supply.
The company believes that the impending 0.1% ECA (Emission Control Area) regulations and the increase in distillate use, which will require a demand for more credit from ship owners and operators, will lead to further consolidation amongst bunkering companies.
“In today’s bunker market, cash is king and those in the market who lack the financial strength and access to capital will find it very hard to compete and grow,” says Lars Møller, CEO, Dynamic Oil Trading.
