SeaIntel: Carriers able to survive expensive fuel
In spite of the fact that fuel expenses have increased significantly in recent years, container carriers managed to avoid massive cost increases, says SeaIntel in a new analysis.
BY LOUISE VOGDRUP-SCHMIDT
Fuel prices have risen continuously in the period - from 2007 to 2013 - that SeaIntel has analyzed. Except for a small dive in fuel prices in 2009 it has become increasingly expensive to operate a container carrier. But the growing fuel price has not killed off the carriers, and there are two reasons for this, says SeaIntel: Container ships have gotten bigger and carriers have utilized these savings by slow-steaming.
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