At last week's Aracon 2023 in Rotterdam, Pablo Sanso, our head of sales for EMEA, highlighted how the lack of transparency in the bunkering industry contributes to significant unnecessary costs per year, including:
🔻$3-6 bn lost to quantity theft
🔻$2 bn lost to wasted time in bunker deliveries
🔻$1.3 bn lost to carbon pricing due to overstated consumption
🔻$200 M in additional costs from fuel quality issues
That's why we welcomed the joint announcement at this year's event from the Port of Antwerp-Bruges and the Port of Rotterdam to mandate mass flow metering systems on-board all bunkering vessels operating within their respective jurisdictions from 2026. Now the work starts, this is only the beginning of the journey to make sure this positive regulation is properly enforced by the authorities. We look forward to other ports making the same commitments and help tackle bunker quantity disputes common in the industry.
At Minerva and technology company ADP Clear, we believe in taking action more than mere words. Together, we have delivered more than 2,500 bunker stems worldwide with total transparency through the Advanced Delivery Platform system. ADP can help buyers and suppliers alike to walk the talk on increasing transparency and begin to tackle the endemic problems within the bunkering industry: https://lnkd.in/eYYyrmDn
#bunkering #shipping #transparency #ARACON23
Principal at Balmony, Inc.
8moWay to go, Sean, Jennifer and Terra! Thanks for representing the Green Port of Choice, Port of Long Beach. 😎