Bunker companies based in Singapore may be heading into a new round of Darwinian-style natural selection. "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," said Lars Moller, CEO of Dynamic Oil Trading. Moller is concerned that the impending emission control area regulation, which will limit sulphur content in fuel to 0.1%, will place additional cost burdens on bunker traders and demands for more credit from shipowners and operators.
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