- The low fuel pricing have lead to a mixed benefit for shipowners who had to take the LSFO switch decision due to IMO 2020
- the lower price has resulted in huge savings benefit of shipowners says BIMCO Chief
- However, the near 15% slump in freight volume isn’t good for shipping
According to a Platts article written by Britt Russell-Webster, the Associate Editor of S&P Global Platts from London, the shipping industry, skating on razor-thin margins, is drawing solace from cheaper bunker fuel prices...
https://mfame.guru/lsfo-low-price-savings-boon-for-shipowners-as-trade-volumes-fall/