Oil price plunge is not all bad news for container lines and tankers

The oil price collapse and the coronavirus give container lines an unexpected edge in their efforts to offload major additional fuel costs with customers. The situation has also put tankers in a favorable position.

Photo: Edgar Su/Reuters/Ritzau Scanpix

At a time when container lines are struggling to send the high extra cost of new fuels down the line to customers, the oil price collapse comes as a welcome helping hand.

Since the turn of the year, the price of the new low-sulfur fuels ships are obligated to sail on has soared.

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