Amidst global pandemic and socio-political uncertainty looming in various regions around the world, economic depression is natural culmination of topsy-turvy times we are in.
Shipping and trading industry has always been at the forefront of ambiguity and upheaval. Fall of many businesses has already happened or is happening or is already in the making, in current times, however there is always window of opportunity for some players. Bunker industry is not an exception indeed.
Every cloud has a silver lining and new players fill in the lacunae to enter to recapitulate the businesses. Here enters OILMAR SHIPPING AND CHARTERING DMCC in the bunker market, already into the Oil Trading and Shipping industry since 2015, well-aware and informed concerning challenges faced by the global economy and trading activity, yet fully prepared, vigilant and started their bunker trading desk from 15th of September 2020 under the brand name OILMAR DMCC for all the bunker business.
In terms of market coverage, Oilmar is covering Middle East, South Asia, South East Asia, Africa, Black Sea, Far East Russia, Mediterranean till Gibraltar, ARA Region and English Channel. Customer base covers almost all segments of the shipping industry. Future plans are to cover American Continents, Canada and Caribbean Islands.
Oilmar plans to expand Duba Office in the start and eventually expand to other part of the world in coming months. Customer Credit Control of the bunker trading team has been assigned to qualified experts of risk management and credit insurance is also in place to cope with bunker industry credit exposure.
Bunker trading of Oilmar is standing on following 3 main pillars :
1. Financially strong company and business professionalism.
2. Reliable and respectful relationships with both Customers and suppliers.
3. Risk Management & Ethical work practices.
Oilmar, with start of bunker trading, aims to work closely with all stakeholders (Ship Owners/Operators, physical suppliers, traders,brokers) in the bunker market to create healthy environment in these troubling times.
Source: Oilmar DMCC