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World Fuel Services CEO on 2020: "There is going to be increased credit risk"

The world's biggest bunker company, World Fuel Services, expects the new sulfur restrictions to demand more of the bunker industry's balance sheets. This will show who is "able to go the distance from a financial perspective," says the CEO in an interview with ShippingWatch.

Michael J. Kasbar, CEO of World Fuel Services, does not believe that the bunkering industry will see an avalanche of banckruptcies because of the sulfur requirements. | Photo: PR / World Fuel Services

SINGAPORE

Although the sulfur regulations will put significantly more pressure on the bunkering industry's finances, they will not lead to a dramatic avalanche of companies consolidating or going bust.

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