Knowledge Base
How will the container industry recover $60bn in higher fuel costs?
Industry consultant Neil Dekker reckons a healthy dose of transparency will be vital for liners starting next year. The way in which ocean carriers will price their services will significantly change in 2019 because of new IMO fuel regulations. They will be more cost driven and will focus on yield management in an effort to…
Leia MaisOil and fuel oil hedging market update
Commentary Brent crude oil futures were up $2.8 per barrel, or 4.8 percent, at $62.30 a barrel, and U.S. WTI crude futures were at $53.63 per barrel at 03:58 GMT, up $2.73 per barrel, or 5.4 percent from their last close. Don’t cry for me Argentinaaaaaaa… unless you love a good trade war (then you…
Leia MaisMaersk Line, MSC Resort to Emergency Bunker Surcharge amid Rising Bunker Prices
Danish liner company Maersk Line has decided to introduce an Emergency Bunker Surcharge (EBS) as a way of coping with the rising bunker prices. “The increase in bunker price in 2018 has been significantly higher than what had been expected and has now reached a level of 440 USD/ton in Europe, the highest since 2014,” the company…
Leia Mais