Bunker oil
About bunker oil
Bunker oil, also known as bunker fuel or marine fuel oil, is a type of fuel used to power large ships and vessels, including container ships, tankers, and cruise ships. It is a heavy, residual fuel oil derived from crude oil during the refining process. Bunker oil is specifically formulated to meet the unique requirements of marine engines and the demanding operating conditions at sea.
Hedging bunker oil
Hedging bunker oil is a financial strategy employed by shipping companies, marine operators, and other entities involved in the maritime industry. This is to manage the risk associated with fluctuations in bunker fuel prices. Bunker fuel is a significant operating expense for vessels, and its price can be volatile. Influenced by factors such as crude oil prices, geopolitical events, and supply and demand dynamics.
Let us secure your bottom line
We are ready to assist with risk management of all kinds of energy products and services, so if your company’s budget is affected by energy price fluctuations, don’t hesitate to contact us!