ShippingWatch

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.

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.

SeaIntel: Giant ships bring significant fuel savings

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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs