Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/44475
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dc.contributor.authorTay, Bing Fa.-
dc.date.accessioned2011-06-02T01:12:04Z-
dc.date.available2011-06-02T01:12:04Z-
dc.date.copyright2011en_US
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10356/44475-
dc.description.abstractBunker is an indispensable form of energy for powering vessels to stimulate world trade. However, there are several problems arising out of bunker procurement. Shipping markets inherently carry high risks, but the volatility of bunker prices adds further uncertainty for ship operators. Besides, as bunker costs constitute a significant portion of the voyage costs, high bunker prices may threaten the profitability of any company. Lastly, stringent regulations have been drawn up by global bodies and the International Maritime Organization (IMO) to control vessel emissions, which have increased over the years. As a result, careful selection of bunker grades is necessary when entering various regions where emissions are strictly controlled. Container line shipping serves a global market with large fleets that consume a tremendous amount of bunker. Hence, bunker procurement is an important tool to ensure compliance with international regulations while keeping healthy profit margins through reduction of bunker costs. The project aims to suggest a set of bunker procurement strategy for liner companies to deal with the problems mentioned above. Hence, the strategy was divided into 3 aspects – Operational measures to reduce bunker costs; financial measures to cope with the risk of fluctuating bunker prices; and lastly environmental measures to ensure compliance with international regulations.en_US
dc.format.extent48 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University-
dc.subjectDRNTU::Engineering::Maritime studiesen_US
dc.titleBunker procurement strategies of liner companies part I operational strategies to reduce bunker costen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorTeo Chee Chongen_US
dc.contributor.schoolSchool of Civil and Environmental Engineeringen_US
dc.description.degreeBachelor of Science (Maritime Studies)en_US
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Appears in Collections:CEE Student Reports (FYP/IA/PA/PI)
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