专题报道

At a time when the oil market is facing looming structural changes, state-owned companies are transforming themselves - not just to survive, but to thrive. As part of this change, many national oil companies are opening up, diversifying, driving a new wave of downstream development and trading businesses to reach new markets and evolve beyond just national champions.

Only months before the effective date of IMO 2020, there are a surprising number of shipping industry participants who believe that getting customers to pay for increased bunker costs will be smooth sailing. However, the reality may prove to be more complicated. This report explores how a lack of negotiating power and imperfect bunker cost recovery mechanisms could turn this shadow on the horizon into a dangerous storm for the shipping industry.