ShippingWatch

Pacific Basin CEO hopes for higher bunker prices

A higher bunker price would make ships sail slower. This could help reduce overcapacity in the dry bulk market, Pacific Basin CEO Mats Berglund tells ShippingWatch. He therefore hopes for a higher oil price in 2017.

Photo: Pacific Basin

One seldom hears a CEO cheering that a company's costs are rising.

Nevertheless,  Pacific Basin CEO Mats Berglund hopes that the oil price will soar, making it more expensive to buy fuel for the carrier's vessels. This could help reduce overcapacity in the dry bulk market, he says.

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