Bunker surcharge generates major earnings for container carriers amidst record year

Container carriers are raking in major earnings from their bunker surcharge, even though more and more vessels are equipped with scrubbers and can sail on cheap heavy fuel, writes Sea-Intelligence. Earnings from the bunker surcharge will reach close to USD 1.2 in the next 12 months.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

Towering demand and sky-high freight rates are generating record earnings for global container carriers, and to top it all off, the companies are also reaping the benefits of another billion-dollar revenue source.

The bunker surcharge adds up to another USD 1.2 billion in annual revenue for container carriers, even as they are seeing the most profitable year yet.

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

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs