Fuel expenditures account for as much as 50 to 60 per cent of total ship operating costs. Understanding how managing fuel spending is crucial to business profitability, International Bunkering delivers fuel and lubricants to onshore and offshore clients in a cost-effective manner. International Bunkering is part of a European shipping and bunkering trading group with more than a century of experience. Leveraging the time-tested industry know-how of its parent company, International Bunkering established itself among the leading trading houses in the Middle East and India in just six years. Aside from delivering fuel and lubricants to nearly 3,000 ports worldwide, International Bunkering offers clients the best value for money through auxiliary services. The company can supply nautical charts, fresh water, cash to master and financial assistance and risk management solutions. International Bunkering takes into account the needs of individual clients. It can offer fuel on a spot basis, rated for a single voyage based on the day's market situation. It can also provide fixed price agreements, where bunkers are supplied and invoiced based on a fixed amount regardless of fluctuating oil prices. For International Bunkering, building a distinctive brand depends on hiring the right people who understand the shipping industry. Through its culturally-knowledgeable workforce, International Bunkering fosters long-term relationships with clients and suppliers such as oil companies and refineries. International Bunkering seeks to increase its roster of trusted suppliers that can help it strengthen its support to its growing Asian client base. Capitalising on the growing water traffic and oil and gas explorations in the Asian region, International Bunkering opened an office in Singapore and a liaison office in Mumbai. "We have opened the Singapore office to be closer to China's time zone. China has made a major impact on the shipping industry and we see this continuing," says Carsten Ladekjaer, managing director and CEO of International Bunkering.
