Container

Shipping companies are pressured by higher fuel prices

Falling freight rates are not the only element pushing earnings down towards breakeven for container shipping companies, according to HSBC.
Container shipping companies are already under pressure from falling demand and a significant drop of more than 80 percent in freight rates since the big boom in 2021 and 2022 in container transportation.
Container shipping companies are already under pressure from falling demand and a significant drop of more than 80 percent in freight rates since the big boom in 2021 and 2022 in container transportation.
by DAG HOLMSTAD

The price of oil has skyrocketed by 26 percent in the last two months, and the price of bunker oil has increased by 20 percent in the same period, which is hurting the earnings of container shipping companies, writes the British bank HSBC in its latest Global Freight Monitor.

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