The implementation on 1 January 2020 of the global sulphur cap
on marine fuels is expected to give rise to potential opportunities
and risks in relation to issues such as the availability of marine
fuels, the quality of marine fuels, increased cost and availability
of credit, and price volatility. In response to these issues, the
Marine team at Clyde & Co is seeing an increased prevalence of
joint ventures in the marine industry between ship owners and
commodity traders, driven by a desire to utilise economies of
scale, pool resources, and improve competitiveness.
We have also seen an increase in joint ventures established in
the marine industry and bunker market to enable knowledge sharing
between entities, both to enable one partner to enter a new
geographical market as well as to enable a partner to expand its
skills and experience in a market sector through a joint venture
with an established supplier.
