Trade is basically payment for the exchange of goods and services and it times past there were many means of trade which included the barter system whereby goods believed to be of the same amount in trades are believed to equal for example exchange of cocoa for rice in the old times. However, one very important component that boosts trade is however, the means of transporting these goods/services and of which there are three methods which include by sea, air or road which entails rail and other means of road transport.
In the oil trade however, sea and rails is what dominates more of sea as that is the easiest way of moving large volumes of oil including crude and other refined oil from refineries in Europe, Asia and the Americas to Africa. The advent of transportation by sea has also created a lot of opportunities and vast income earning all around the world.
It is a well known fact that seventy percent of the earth is made up of water while the remaining thirty percent is land. This seventy percent of aquatic bodies includes the oceans, seas, rivers, canals, lakes, ponds, creeks, lagoons etc and are navigable by one type of vessel or the other.
As a means of transportation these vessels require fuel for which they can be operated just like as most cars and vehicles in this part of the world have their engines driven by petrol. In this regards they require what is called bunker also known as vessel fuel to make them operational and as at today there is a very large bunker market thriving in Nigeria, Africa and other parts of the world.
This report highlights the financial viability of venturing into the business of bunker trading in Nigeria and some parts of Africa. It shows a step to step detailed explanation of what it would entail to get into this business and how to manage and execute it effectively.
With increasing numbers of trade in sub-Saharan Africa and lots of vessel activities bringing in vast and large number of goods and commodities such as cars, clothing, food stuffs, oil and chemicals and poor berthing prospects of our ports due to congestion, a lot of vessels anchor offshore to take their turns to berth and will need to purchase bunker to complete their other trips back in Africa or possibly return back to load port to execute other pending voyages that they may have
The demand for bunker fuel today in Africa is quite a lot that it cannot even be quantified and many others are reaping its profit you also have the same opportunity waiting for you. A lot of vessel activities are happening at our ports offshore Lome, Cotonou and Lagos with many requests looking for credible suppliers of different types of requests they are looking for bunker inclusive.
The return on investment on bunker fuel trading ranges from 30% – 50% per transaction and could even go higher if you are experienced.