Fuelsure
The hidden cost of bunkering

$74,270per vessel. Every year.*

Fuelsure shows you which suppliers are costing you more.

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*Assuming a typical 1,000 MT stem with 10 operations per year.

Latest average true cost by market

What is true cost?

The price of fuel is only part of its true cost.

Quantity shortages, off-spec fuel, delays, claims and other operational issues can create significant additional expense.

Fuelsure’s true cost makes these hidden costs visible, helping you understand your exposure, manage bunkering risk, and know you are choosing the right supplier.

How true cost is calculated

Three components make up hidden cost.

QuantitySurvey-confirmed physical shortage or lower NCV.$3.074/MT · 41.4%
QualityFuel test results outside the agreed limits.$0.457/MT · 6.2%
ServiceUnder-delivery, claims and delays.$3.896/MT · 52.5%
Top 4 markets

Supplier true cost performance by port

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Singapore

Overall true cost is improving; performance is primarily driven by energy shortfall and under-delivery.

Average true cost$7.30/MTPort spread$37.49/MT

Energy shortfall

$3.93/MT

vs $2.90/MT globally

36% higher

Under-delivery

$2.57/MT

Accounts for 35% of port true cost

Material hidden-cost driver

ARA

Overall true cost is improving; performance is primarily driven by energy shortfall, physical shortage and under-delivery.

Average true cost$14.15/MTPort spread$48.08/MT

Energy shortfall

$5.83/MT

vs $2.90/MT globally

101% higher

Physical shortage

$1.64/MT

vs $0.17/MT globally

Nearly 10× global

Under-delivery

$4.10/MT

Accounts for 29% of port true cost

Material hidden-cost driver

Zhoushan

Overall true cost is significantly improving; performance is primarily driven by energy shortfall and under-delivery.

Average true cost$9.16/MTVs global+$1.73/MT

Energy shortfall

$4.76/MT

vs $2.90/MT globally

64% higher

Under-delivery

$4.40/MT

Accounts for 48% of port true cost

Material hidden-cost driver

Fujairah & Khor Fakkan

Overall true cost trend is not yet comparable; performance is primarily driven by under-delivery and physical shortage.

Average true cost$11.27/MTPort spread$61.79/MT

Under-delivery

$9.23/MT

Accounts for 82% of port true cost

Material hidden-cost driver

Physical shortage

$0.85/MT

vs $0.17/MT globally

400% higher

Supplier watchlist

Suppliers recently flagged for unusually high hidden costs or recurring operational issues.

Under-delivery outlier

10.70% average under-delivery and $63.15/MT service cost in Fujairah and Khor Fakkan.

Physical-shortage outlier

$8.40/MT physical-shortage cost and 9.24% under-delivery in ARA.

Service and quality flag

4.64% under-delivery and 42.9% off-spec rate in Singapore; sulphur is among the recorded parameters.

Service leakage flag

$14.35/MT service cost and 2.44% under-delivery in Zhoushan.

Your suppliers, your answer

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  1. Recent port risk factors.
  2. Each supplier’s true-cost performance against the market.
  3. Their quantity, quality and service drivers.
  4. Top alternative suppliers in the markets reviewed.

See a sample here.