Bunker Fuel Procurement Strategies in a Volatile Market
In recent years, the bunker fuel industry has become increasingly volatile, driven by factors ranging from geopolitical instability to regulatory changes and market demand fluctuations. For shipping companies, which rely heavily on bunker fuel as a major operational cost, navigating this volatility has become a critical task. Bunker fuel procurement, the process of sourcing and […]
Understanding Bunker Spills: Causes, Consequences, and Prevention
Introduction to Bunker Spills A “bunker spill” refers to the accidental release or discharge of fuel, typically heavy oil or diesel, from a vessel’s storage tanks, also known as bunkers. This term is commonly associated with maritime incidents, where the fuel used to power ships (bunkers) is unintentionally released into the marine environment. Bunker spills […]