Ship fuel prices could increase 25 percent throughout 2018

Higher oil prices will make ship fuel prices increase by 25 percent throughout 2018 compared to last year, projects rating bureau Scope. This development will strain the finances at box carriers despite otherwise positive tendencies.

Photo: /ritzau/Christian Charisius

Surging prices on ship fuel, called bunker in the maritime industry, have strained liner shipping companies since the beginning of the year, look set to increase further through 2018, projects rating bureau scope in a new report.

Specifically, the liner companies' bunker costs are expected to increase by as much as 25 percent throughout 2018 compared to last year.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs