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Shipping Giant Reaps High Savings With Accurate and Transparent Fuel Purchase

Synopsis

The global shipping industry is constantly facing a great number of challenges, from rising operational costs to increasingly stringent emission regulations. Energy costs are also seen to be escalating at a rate much higher than the revenue stream of most industrial fuel users due to the global fuel demand and supply issue. With majority of a vessel’s operating expenses being fuel related, operators have begun taking a more proactive approach in managing their fuel costs. In order to improve the bunkering process, it is crucial for operators to rethink their work flows and challenges. Operators may shift away from traditional procedures through the application of new systems and technologies to bring about greater efficiencies.

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