The impact of the new sulphur regulations on companies is considered by shipping operators:

Significant impact

Not strongly affected

Little impact

52%

26%

11%

ShippiNg aNd BuNkeriNg reporT 2014

detecting market shifts can be a deal breaker in the bunkering business. The best methods used by companies to stay on track include:

risk mitigation is vital for a successful business, and companies practice different methods to ensure their safety:

With this lack of satisfaction about insurers, companies adopted their own methods of preparation for various risks:

due to the current market shifts, the majority of bunkering professionals had a high level of awareness about insurance policies:

While reviewing terms and conditions is vital for the success of the business, the frequency of the practice does not reflect that:

once a year

52%When some clauses

are missing

41%other

26%very two years

15%Never

15%

Testing is crucial to ensure fuel quality, and some of the best methods to do that are:

The bunkering industry is facing numerous challenges, including:

New sulphur regulations

locating reliable suppliers post infrastructure Fuel testing

33% 26% 18% 11%

11%

Word ofmouth

30%Feel of the

market based on

experience

70%detailed analysis

by trusted sources

analytical expertise

60%

Cutting edge technology

37%

analytical tools

19%

Fixed price agreements

30%

risk management strategies

44%!

accurately assessing energy prices

52%

70%have sufficient knowledge

30%require more information

however, the level of satisfaction with current insurers fluctuated:

Satisfied and don’t intend to change

Satisfied but open to new options

Not satisfied but not looking for new options

actively looking for new options

33% 33% 11% 11%

risk assessment & management Market analysis

Monitoring industry developments

With the current status of the bunkering industry, some of the advised methods to detect market shifts and prepare for changes include:

Market research

Monitoring market news & development

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problems withLNg logistics

52%Lack of infrastructure for LNg importation

41%Supply of LNg

26%demand difficulties

15%

LNg is better for the environment, yet there are challenges in using it still prevail: