Shipowners losing millions by choosing the wrong bunker port

Shipowners losing millions by choosing the wrong bunker port

Bunkers are one of the largest costs associated with a
voyage, so making the right decisions around it are crucial. Although many shipping
companies have dedicated bunker teams, the decision of where to bunker tends to
start with the chartering manager during their initial voyage estimation.

Before a vessel becomes open, chartering managers begin to assess
multiple voyage options. This typically happens well in advance as an
unemployed ship equals unrecoverable earnings (time is a perishable good). For an
accurate voyage estimate, chartering managers need to collect information on both
the vessel and ports specific to the voyage.

Vessel parameters are often similar for each voyage: max.
cargo capacity, bunkers […] Read more