Insatech: Carriers pay 3-4 percent too much for bunker

Quality is not the only thing lagging in the bunker industry. Volumes are also often distorted, as each transaction typically contains 3-4 percent less fuel than agreed upon, says Insatech.

Photo: Insatech

Fuel consumption is the single biggest expense for carriers, and the cost here is typically even higher than necessary. According to Insatech, it is not unusual that each bunker transaction brings 3-4 percent less fuel than agreed upon.

Among other things, Insatech delivers systems for controlling bunker transfers, and the company has calculated the actual cost this can constitute for carriers, for whom fuel expenses amount to around 50-70 percent of the total operating costs of a ship. 

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