In Singapore on 9 June this year, a “global trading company for marine fuels and lubricants” highlighted the important role of fuel suppliers in helping shipping companies reduce their exposure to fuel quality and quantity risks, including bunker fraud.
“Under pressure to keep their costs down amid low freight rates and high bunker prices, it is easy to see how shipowners could be tempted to cut corners when it comes to conducting due diligence on their bunkering purchasing decisions,” argued Lars Moller, chief executive of Dynamic Oil Trading.
The
