To tackle these challenges, and to continue being a contributor to an industry that is constantly evolving, it is our conviction that future customer-supplier relationship will be centred around mutual value creation, trust and openness. This means that we will increase our focus on knowledge sharing and partnerships.
To succeed in this, we must try to keep one step ahead of the curve. Our physical operations prepared diligently and worked hard and dedicated with our partners to ensure the necessary sparring and support in the transition phase to IMO 2020. We invested heavily in necessary time, manpower, and energy to safeguard a conversion with minimal hurdles. The outcome from a well-planned strategy was a super smooth transition road, which was far less troublesome than expected.
The reduction in CO2 emissions to meet IMO´s targets of 2050 will require an even larger degree of proactiveness. We must continue to think ahead and prepare for future challenges. By this, we mean that we cannot afford to assume that a solution will present itself to us, and at the end of the day we are all in the same boat. We will benefit from our shared knowledge and acumen from across the value chain to ensure we come up with the best solutions for the industry.
Raising the bar
At Bunker One, we pride ourselves on global coverage and local expertise. We provide insights and expert knowledge and advice from across the entire value chain. As we progress towards 2021, we will keep challenging ourselves and keep raising the bar.
Our ambition is to continue improving standards and to make bunkering more transparent. We will maintain two-way communication and close dialogue with our suppliers and customers, and we will adapt to the new ways of communications in these unprecedented times. As we look ahead to 2021, Bunker One will progress to take bunkering one step further by continuing to improve our quality and all aspects of the supply chain.
Bunker One expands offshore bunkering operations to northern Brazil in line with the company’s strategy and ambition to increase global activities and meet customer requirements.
The challenges caused by COVID-19 and the transition to low-sulphur fuels are some of the most recent instances that have impacted the bunkering and shipping industries on the shorter as well as the longer term.
IMO 2020 was a major disruption for the entire bunker industry. With it came new challenges and some interesting changes in fuel behaviour. We look back on the disruption to see what problems it caused and how the industry handled the 2020 transition.
Starting 1 June 2020 Bunker One will assume operation of the Port of Skagen oil terminal at the northern tip of Denmark.