Box carriers sail towards a tipping point of ocean freight rates and fuel

Posted on October 5, 2018 by johnamck68

The predicted cost impact of the low sulphur fuels in 2020 is estimated to be in the order fo USD$50-$60 billion for the industry as a whole. Maersk alone estimates some US$2 billion in additional fuel costs for its own fleet.

Box carriers sail towards a tipping point of ocean freight rates and fuel - The Loadstar
Box carriers sail towards a tipping point of ocean freight rates and fuel - The Loadstar

The bellwether Shanghai Container Freight Index (SCFI) did not publish today, due to the national holiday in China, but current sentiment suggests that ocean carriers will find their rates under pressure following the Golden Week break. Last month, the Asia to North Europe component of the SCFI shed 21% to $735 per teu, while for Mediterranean…
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