Yet another worry: Price of ship fuel is now highest since 2014

shipping fuel

Commodity prices are surging around the globe, so it should come as no surprise: Marine fuel is getting a lot more expensive. That’s bad news for ship operators’ bottom lines, and, in the container business, yet another headache for cargo shippers.

Marine bunker prices are “soaring,” said Alphatanker on Thursday. “This has not just impacted 3.5% [high-sulfur fuel oil or HSFO] but also 0.5% VLSFO [very low sulfur fuel oil].

“There are expectations that crude, and therefore marine fuel, could move...

https://www.freightwaves.com/news/yet-another-worry-price-of-ship-fuel-is-now-highest-since-2014

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