BUNKER FUEL

Bunker fuel is fuel oil used on ships. Bunker fuel has different classifications depending on its viscosity and sulphur content. The ignition qualities of fuel oils are also indexes used for classification of fuel oils. Prices of fuel oils vary as strong purchasing power from suppliers with vast networks can seek and obtain more favourable prices. Hedging practices through forward price contracts… More

Bunker fuel is fuel oil used on ships. Bunker fuel has different classifications depending on its viscosity and sulphur content. The ignition qualities of fuel oils are also indexes used for classification of fuel oils. Prices of fuel oils vary as strong purchasing power from suppliers with vast networks can seek and obtain more favourable prices. Hedging practices through forward price contracts are also used to stabilise prices for one of a ships biggest overhead cost. Less