25JUL2019 - NEWS - Bunker market looks for extended credit lines as IMO 2020 nears

Shipowners and creditors are scrambling for additional credit lines to cover the anticipated rise in low sulfur fuel oil prices post IMO 2020, market participants said this week. About $4 billion/month of extra credit will be needed starting 2020 to cover the rise in demand for LSFO and shipowners are already demanding longer payment windows as the market dynamics shift, Adrian Tolson, Senior Partner at 2020 Marine Energy told S&P Global Platts.