Hi,
I would like to know what are the factors for considerations for shipowners to decide where to bunker. Thanks
Donovan Manansala PTT Philippines Trading Corp. GMT 02:17 5th Jun 2008 IP: x.x.38.86
actually per my experience there are only two reasons
Location and price of the supplier
Lee Hong Liang Petromedia Pte Ltd GMT 04:56 5th Jun 2008 IP: x.x.172.198
Shipowners typically buy bunker fuel either on a spot basis or contract basis. Buyers will take into account bunker prices, historic quality issues at the port, availability of the product and ease of calling in view of their vessel routes.
Marcus C.T Tan Bonanza Investment Pte Ltd GMT 10:24 7th Jun 2008 IP: x.x.13.2
Based on average calculation, bunker price moves up every week. Perhaps owners should topup their vessels bunker requirements each time they pass by singapore. Same principle apply to your car.