Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity

Bunker and bunkering related disputes are a repeat problem for owners and charterers. While many papers and discussion focus on the container shipping industry, the tramp shipping sector is often left unevaluated. In the tramp shipping industry, industrial players believe that the weakest link along...

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Main Author: Liu, Zhu
Other Authors: Kenneth Tan
Format: Final Year Project
Language:English
Published: 2016
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Online Access:http://hdl.handle.net/10356/67803
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-678032023-03-03T17:21:52Z Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity Liu, Zhu Kenneth Tan School of Civil and Environmental Engineering DRNTU::Business Bunker and bunkering related disputes are a repeat problem for owners and charterers. While many papers and discussion focus on the container shipping industry, the tramp shipping sector is often left unevaluated. In the tramp shipping industry, industrial players believe that the weakest link along the bunker supply chain lies in the delivery stage. This report explores the difficulties associated with bunker quantity control both contractually and operationally. With the difficulties in mind, three measures identified are conducting supplier appraisal, employing Third Party Surveyor Company and purchasing bunkers from suppliers installing MFM system. These measures are then evaluated thoroughly for its effectiveness and efficiency. Scenario analysis are carried out for supplier appraisal, quantitative evaluation over the choice of independent surveyor company and for the calculation of savings or loss from the formula suggested. Adopting the suggested trade-offs formula in evaluating the scenario given, the analysis reveals that the breakeven quantity of bunker short changes to be found by surveyors is 9.05MT. Any quantity discovered above 9.05MT will result in positive net savings for the shipping company if the independent surveyors work closely together with the vessel crews and barge operators and MFM system is fitted to value add to the efficiency. The report provides an in-depth discussion on the identified measures and ways to carry out them effectively and efficiently, it also offers references for tramp shipping companies to make decisions in managing their bunker quantity. Bachelor of Science (Maritime Studies) 2016-05-20T10:20:58Z 2016-05-20T10:20:58Z 2016 Final Year Project (FYP) http://hdl.handle.net/10356/67803 en Nanyang Technological University 38 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business
spellingShingle DRNTU::Business
Liu, Zhu
Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity
description Bunker and bunkering related disputes are a repeat problem for owners and charterers. While many papers and discussion focus on the container shipping industry, the tramp shipping sector is often left unevaluated. In the tramp shipping industry, industrial players believe that the weakest link along the bunker supply chain lies in the delivery stage. This report explores the difficulties associated with bunker quantity control both contractually and operationally. With the difficulties in mind, three measures identified are conducting supplier appraisal, employing Third Party Surveyor Company and purchasing bunkers from suppliers installing MFM system. These measures are then evaluated thoroughly for its effectiveness and efficiency. Scenario analysis are carried out for supplier appraisal, quantitative evaluation over the choice of independent surveyor company and for the calculation of savings or loss from the formula suggested. Adopting the suggested trade-offs formula in evaluating the scenario given, the analysis reveals that the breakeven quantity of bunker short changes to be found by surveyors is 9.05MT. Any quantity discovered above 9.05MT will result in positive net savings for the shipping company if the independent surveyors work closely together with the vessel crews and barge operators and MFM system is fitted to value add to the efficiency. The report provides an in-depth discussion on the identified measures and ways to carry out them effectively and efficiently, it also offers references for tramp shipping companies to make decisions in managing their bunker quantity.
author2 Kenneth Tan
author_facet Kenneth Tan
Liu, Zhu
format Final Year Project
author Liu, Zhu
author_sort Liu, Zhu
title Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity
title_short Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity
title_full Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity
title_fullStr Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity
title_full_unstemmed Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry Part 1: Effective and efficient management of bunker quantity
title_sort effective and efficient bunker operations, logistics, procurement, developments in the maritime industry part 1: effective and efficient management of bunker quantity
publishDate 2016
url http://hdl.handle.net/10356/67803
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