
It’s not just the price diesel, gasoline and jet fuel that’s way up. The price of the marine fuel consumed by the world’s container ships, tankers and bulkers is breaking records.
The price of very low sulfur fuel oil (VLSFO) — the 0.5% sulfur content fuel that powers most commercial ships — just exceeded the price spike that occurred soon after Russia’s invasion of Ukraine.
According to data from Ship & Bunker, the average VLSFO price at the world’s top 20 bunker (marine fuel) ports was $1,042...
https://www.freightwaves.com/news/ship-fuel-enters-uncharted-territory-as-prices-hit-new-wartime-peak