AUTHOR: ONWUZURUIKE, VICTOR IKE (MBA)
DEPARTMENT: Maritime Transport Technology
SCHOOL: School of Management Technology (SMAT)
AFFILIATION: Federal University of Technology Owerri
Bunkering has to do with the fueling of Ships. It is a legitimate trade whereby licensed operators are authorized to provide fuel and other provision to vessels. This study has appraised the practice of the bunker trade in Nigeria with emphasis on the Niger Delta Region and to demystify all that has been stated about illegal bunkering in Nigeria. Bunkering as an organized trade has traders, brokers and buyers who play very important roles. These have been extensively examined.Interesting findings that will help the government in regulating the trade thus improving its contribution to the growth of the economy has been revealed. The hindrances affecting the smooth operation of the trade had been highlighted too and suggestions made.
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