OW collapse shocks industry; damage limitation top priority

Hamburg

JUST as the International Bunker Industry Association (IBIA) was winding up its annual convention in Hamburg on Wednesday evening last week, the news that OW Bunker was in deep trouble started to filter through.

The convention had been a success with a range of useful presentations. The emphasis had been very much on the impending 0.1 per cent sulphur in marine fuel regulations that will come into force in designated Emission Control Areas (ECAs) on Jan 1 next year.