Why has the European bunker market been left to regulate itself?
- A lack of a singular authority makes for a tricky regulatory landscape
- Regulators have been reluctant to get involved in the bunker market
- The market is happy to regulate itself, but would rather it came from an authority
The Bunkering Services Initiative was launched by some of the biggest names in shipping last month in the Amsterdam, Rotterdam and Antwerp region. But why did they have to act in the first place?
