Bunkerage

Bunkerage refers to the act of supplying fuel to ships. This fuel, commonly known as "bunker fuel," is a residual oil produced from the refining of crude oil. Ships require large quantities of this fuel to power their engines for propulsion and to generate electricity for onboard systems. The process of bunkerage involves transferring the fuel from a shore-based storage facility or a bunker barge to the ship's fuel tanks. This operation typically takes place at ports and terminals, where specialized equipment and trained personnel are available.

The availability and price of bunker fuel are significant factors in the shipping industry. Global oil prices, geopolitical events, and supply and demand dynamics all influence bunker fuel costs. Environmental regulations also play a crucial role, with increasing pressure to adopt cleaner fuels and reduce emissions from ships. This has led to a growing interest in alternative fuels like LNG, methanol, and even ammonia for future bunkerage needs. The logistics of bunkerage are complex, requiring careful planning to ensure timely delivery and minimize disruption to ship schedules.