Danish bunker company Monjasa has plenty of experience with bunker fraud in the global markets. The problem is particularly dominant in regions where major ports hold a large number of suppliers, Monjasa CEO Jan Jacobsen tells ShippingWatch.
"We find that the problems are much bigger in the most competitive markets, and looking at Singapore, it's been widely known for years in shipping circles that bunker fraud is prevalent in that region. Practically everyone in the industry has experienced that," he says.
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