[190511.EN.SEA] OW Bunker Urges Shipping Industry To Outsource Fuel Procurement

OUTSOURCING fuel procurement will help shipowners and vessel operators maximise inefficiencies and reduce costs within their operations, according to sales development manager Lars Henrik Hejlesen at OW Bunker, a supplier and trader of marine fuel.

Speaking at the Bunkerworld 2011 Conference in Athens, Mr Hejlesen said: "Although fuel oil is not core to shipowners' and operators' end service it still represents over 50 per cent of a vessel's operating costs. 

Combined with the volatile oil prices and regulatory pressures, as well as the complexities in managing the transition from heavy to clean fuel it makes sense to outsource this responsibility to experts in fuel supply," he said.

"While clearly the spot market will still account for a large proportion of the industry, the benefits and added value of working to an outsourced contract are significant."

A company statement pointed out that "complexities within the fuel supply chain in the post-recessionary economy, in conjunction with increased environmental regulation makes fuel supply perfect for outsourcing."

Mr Hejlesen added that vessel operators will also need technical advice on which fuel to use to ensure safe switching from heavy to low sulphur products does not impact engine and ship performance.

Source : HKSG, 19.05.11.