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Friday, August 7, 2020 

Following a turbulent few months for the global economy, bunker brokers LQM Petroleum Services is to run a series of webinar events, the first of which - Offshore Bunkering Post Covid 19 - will run on September 9, 14:00 London time.

The company says that the recent pandemic has caused significant turmoil in global bunker markets. Prices were pushed to record highs by the IMO 2020 sulphur cap, before plummeting as Covid-19 wreaked havoc. In its first webinar focused on offshore bunker procurement, LQM will explain the opportunities lower prices have created for the offshore sector, and analyse what procurement teams can do now to protect project P&L’s in the future.

In partnership with offshore bunker supplier Geos and global ship agent Inchcape Shipping Services (ISS), the session will examine the offshore bunker supply chain and explain what practical changes have taken place in offshore bunker deliveries. LQM will discuss pricing and Geos will highlight the practical elements of delivering offshore bunkers. ISS, meanwhile, offers an agent’s perspective during challenging times.

"The world - and not just the maritime industry - is changing at such a rapid pace," said LQM chief executive Daniel Rose. "There are plenty of big topics we’re keen to cover over the next few months and we are starting with Offshore bunkers because this is an area where we have been making real progress. Having Geos Group and ISS involved in the first webinar on September 9 will make for a lively debate on the current state of play.”

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