It was yet another warning sign of inflation: The price of fuel for commercial ships spiked after Russia invaded Ukraine and hit all-time highs in May and June. But that trend has now reversed. The price of ship fuel plunged in July and August and is now back to roughly prewar levels, says an article published in Freightwaves.
VLSFOAccording to Ship & Bunker, the average price for fuel known as very low sulfur fuel oil (VLSFO, sulfur content: 0.5%) at the world’s top 20 refuelling hubs was $800...
https://mfame.guru/in-the-wake-of-war-ship-fuel-prices-plunges/