At Awyr Las Ltd’s HQ in West Wales, we have been catching up on industry news, including listening to an episode of the Marine Fuels Alliance’s on Trade Credit Insurance. It’s an interesting one to hear about the importance of the application for Trade Credit Insurance in the bunker sector, and one that runs side-by-side...
John Phillips of Awyr Las Ltd spells out the challenges facing shipping and bunker companies as they contend with heightened levels of compliance, due diligence, and credit default management pressures. Please use the link below to take a look at John’s article in Bunkerspot’s February/March 2022. Checks and Balances Bunkerspot February 2022
Bunkerspot-Survey-2022 copy At the beginning of 2020, it was generally perceived that bunker industry’s biggest challenge would the implementation of IMO2020. However, the onset of a global pandemic soon put paid to this. Earlier this year, Bunkerspot undertook a wide-ranging survey of key industry players (including Awyr Las’ John Phillips among many notable others), to...
A credit reboot – Bunkerspot June/July 2021 Marine fuel credit has taken some knocks and shocks this year, with the impact of the pandemic and the collapse of two large bunker names. As John Phillips of Awyr Las explains, now is the time for companies to undertake a review of credit processes that will serve...
John was recently invited to moderate one panel and participate on another at the recent (27/28 April 2021) Global Bunkering Summit 2021 hosted by Bunkerspot/Petrospot. His panel on Transparency in Bunkering included credit and finance sector specialists in Makis Tzeis, Managing Director, Atradius, Greece; Kieran Michael Brown, Group Credit Manager, Island Oil (Holding) Ltd, Netherlands;...
These are very difficult times for bunker traders and physical suppliers. A number of prominent failures across 2020 has left the financial sector highly sceptical of the bunker sector, and in many cases retrenching away altogether. The reputation of many very good and reliable companies with strong business models has been tarnished by the actions...
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