ShippingWatch

Bunker auction to ensure cheap fuel for shipowners

OceanConnect Marine, a subsidiary of Glencore, aims to make bunker purchasing more efficient and clearly laid out. A digital auction will help ensure the best prices on the market, Sales Director Per Funch-Nielsen tells ShippingWatch.

Photo: Colourbox

A digital bunker auction will help ensure that shipping companies get the best market prices on fuel.

Today, bunker purchasing is typically done by phone or email when a shipping line needs to buy fuel for its ships. But securing the bunker could be even more simple and efficient, according to Per Funch-Nielsen, sales director at OceanConnect Marine, a subsidiary of major trader Glencore.

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