Shipping companies face the threat of collateral damage as the bunker industry braces for a coming liquidity storm.
With several major European lenders withdrawing from commodity and trade finance, industry participants have observed heightened counterparty risks in the entire marine fuel supply chain.
“With banks pulling out, there will be a lack of liquidity in the market going forward,” KPI OceanConnect chief executive Soren Holl told TradeWinds.
