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Get What You Pay For, and Pay For What You Get

Synopsis

For most maritime industry players, fuel costs can account up to 70% of their total operating expenditure. Ship operators therefore often prefer to purchase bunker fuel from ports providing the lowest cost. In recent years however, there had been increasing pressure from port authorities and maritime organizations for greener shipping practices. This has forced many operators to adopt cleaner but pricier fuel grades leading to increased operating costs.

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