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INSIGHT: Unsung Heroes -- The Credit Manager

Shipergy CEO Daniel Rose discusses the underappreciated role of credit managers in the bunker market.

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Fratelli Cosulich CEO Calls for 'More Professionalism' in Bunker Credit Lines

Shift needed to improve its relationship with banks, Tim Cosulich said at IBIA's annual convention this week.

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Bunker Credit is Getting More Expensive: Monjasa

Bunker Credit is Getting More Expensive: Monjasa
shipandbunker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shipandbunker.com Daily Mail and Mail on Sunday newspapers.

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Tighter Access to Bunker Credit is 'Good Thing': Delta Energy

Tighter Access to Bunker Credit is 'Good Thing': Delta Energy
by Ship & Bunker News Team
Thursday May 20, 2021
Credit is getting harder to come by. File Image / Pixabay
The tightening of access to bunker credit seen over the past two years could be seen as a good thing because it is delivering greater scrutiny of the industry, according to marine fuel supplier
Delta Energy.
S&P Global Platts's
European Bunker Fuel Virtual Conference on Thursday.
"I think it's clear to everybody that [credit] is an order of magnitude more difficult to come by now than it was 24 months ago," Morgan said.

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Bunker Credit: Understanding the Rebirth of the Cruise Industry

Bunker Credit: Understanding the Rebirth of the Cruise Industry
by Chris Morgan, Global Head, Credit, Delta Energy Fuel Supply & Trading
Wednesday May 5, 2021
Cruise ship lifting bunkers. Image Credit: Chris Morgan
There was a sense of enormous foreboding at the start of the Covid pandemic, once the enormity of it all set in, that it would be the end of the cruise holiday as we know it and be the nemesis of the cruise industry as a whole.
Prior to the pandemic the "big four" had some of the strongest balance sheets in shipping but there were a lot of financial institutions shorting cruise stock like mad at one point during Covid and all sorts of "anonymous" accounts were spamming Quora and Reddit and the like with leading questions like "Now that Covid has destroyed the cruise companies, how soon will go bankrupt?". It was a rather cynical and unedifying time.

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