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.
BY KATRINE GRØNVALD RAUN
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.
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