ShippingWatch

Clipper: Oil price has become a game changer

The sharp oil price increase has become a game changer in the shipping industry. Rate levels have become less important than bunk prices and requirements.  Per Gullestrup from Clipper predicts that the future is decided by whoever holds the most efficient fleet.

Once upon a time, cheap ships and high rates were practically the only and most simple parameters in the shipping companies’ calculators. If it was possible to obtain tonnage at a low price and freights at a high price the math was simple: it could not go wrong. That was just the way it was. All the way up to 2012, where oil prices have reached extreme heights.

When asking one of the most experienced people in the Danish shipping industry, Per Gullestrup who is one of the partners in Clipper, the skyrocketing oil prices is mentioned as the catalyst of a dramatic shift, a game changer, in the last year or two. Today and in the future it is simply imperative to the economy of your company whether or not you have a modern and efficient fleet. It must consume as little fuel as possible and on the same time live up to the high number of environment regulation already adopted or is going to be so in the next couple of years.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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 ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Latest news

See all jobs