Large fuel bill has been turned into billion-dollar savings for container lines

Expectations for billions in added costs for more expensive fuel have been replaced by the prospects of large savings on the fuel bill for the world's container lines, reports Sea-Intelligence.

Photo: AP/Ritzau Scanpix

Fuel prices have developed into a big advantage for the container sector, which just one year ago was looking at large added costs due to the global sulfur regulations.

What originally looked like an added bill of USD 11 billion in fuel costs for then sector is now on track to result in savings totaling USD 2.2 billion for the container lines, writes analyst firm Sea-Intelligence.

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