As anyone working in the shipping industry will attest to, bunker (or fuel) is one of the biggest expense items for any container shipping company. According to most estimates, bunker costs comprise circa 50% to 60% of a carrier’s total operating expense, thus making it by far the largest component of the carrier’s variable cost base.
Volatility Of Bunker PricesMatters are aggravated by the inherent volatility in bunker prices, which show violent fluctuations consequent to global geo-political...
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