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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.
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.