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 of mouth 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 Save up to US $750! Register now for RESCON – e Red Sea and Gulf Bunkering Conference and save 15% off the registration fee! THREE EASY WAYS TO REGISTER: Leading shipping lines, port authorities, regulatory bodies, senior bunkering manag- ers and economic experts from across the bunkering industry will be attending and discussing key challenges affecting the industry at RESCON 2014 Join us on 28 th September – 1 st October in Dubai [email protected] www.gulf-bunkering.com +971 4 335 2437 Problems with LNG 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: