Market Update – Global Bunker/Fuel Price
The shown table and graph of two of the main bunker markets shows the YOY increase in fuel prices that have flowed on from the carriers to importers and exporters by way of BAF/LSA/FCR and other associated fuel charges.
The increases have substantially impacted the industry, however we have seen some signs in the last couple of months of downward pressure on bunker prices which we hope to see passed on through by the carriers. Three out of the last 4 months have seen a decrease however Oct did see an increase in both Rotterdam and Singapore
BunkerShould you have any questions in regards to the above, please do not hesitate to contact your DEAN World Cargo Account Manager. |