fuel price

Ukraine crisis creates logistics headaches for air cargo, airlines

A white Finnair jet flying high above mountains, approaching camera.

Airspace restrictions from the economic war between the West and Russia over the invasion of Ukraine is adding logistical complexity and cost for the air cargo sector and passenger airlines still coping with COVID-related ups and downs in business activity. The conflict is also driving up the price of fuel, which represents a quarter or more of airlines’ cost base.

The European Union, Canada, the United Kingdom, and Baltic and Nordic states in recent days have barred all Russian-owned,...

https://www.freightwaves.com/news/ukraine-crisis-creates-logistics-headaches-for-air-cargo-airlines

April Western Low Sulfur Arbitrage Volumes Close To 3M Mt

  • Low sulfur material originating from the West and being arbitraged to the East for April arrival may near 3 million mt.
  • April arrival volume was more or less steady, or a touch higher, than around 2.8 million mt or so of product that is expected to land in Singapore for March.
  • There’s a little bit of slippage from March arrival into April, not more than 200,000 mt; other than that, the rest of the volumes are entirely slated for April-arrival.

A recent Platts news by Rohan Menon and Rajesh...

https://mfame.guru/april-western-low-sulfur-arbitrage-volumes-close-to-3m-mt/

Bunker Spread Stalling Scrubber Dynamics

  • As the oil prices keep tumbling due to COVID19 the shipping is faced with a gripping question to install scrubbers or not
  • Scrubber users are at a disadvantage now as fuel price differential is narrowing
  • The payback time of scrubber is getting longer and several shipowners are stalling scrubber installations
  • At present, the scrubber economics seems to be hit by the fuel spread

According to a Lloyd’s List article written by their London-based Shipping Analyst and Markets Editor,Michelle Wiese...

https://mfame.guru/bunker-spread-stalling-scrubber-dynamics/

LSFO Low Price Savings Boon for Shipowners As Trade Volumes Fall!

Bunker fuels and covid-19
  • 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/

+ More