While numerous industry players point to the declining oil price's positive impact on carriers' fuel costs, another trend is also starting to emerge. A negative development that has also been mentioned by analysts as a potential risk of the lower price - namely that ships are increasing their speed.
According to Per Lange, CEO of dry bulk operator Ultrabulk, an increasing number of ships are sailing faster, and the bulk operator thus sees the declining oil price as a negative development, he tells ShippingWatch:
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