ShippingWatch

KPI: Mandatory mass flow meter will not eliminate bunker disputes

Singapore from the turn of the year will become the first nation in the world to implement mandatory use of mass flow meters. The move will reduce complaints, but it would be utopian to think that the regulation will put an end to bunker disputes, says one of the biggest players in the market, KPI Bridge Oil.

Photo: Hyundai Merchant Marine

SINGAPORE

As the world's leading bunker port, Singapore has taken the initiative in the fight against bunker fraud. This will happen on January 1st 2017 when the country makes it mandatory to use mass flow meters. But even though the statistical uncertainty has been registered as low as 0.5 percent during the test phase, the equipment does not represent a guarantee against disagreements between suppliers and buyers:

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs