EnergyWatch

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.

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