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Container customers benefit the most from low oil price

Customers, more than carriers, reap the biggest benefits from the low oil price, though carriers can achieve significant savings on the major container ships operating between Asia and North Europe, says Drewry.

Even though the low oil price brings reduced fuel costs for carriers, customers stand to reap the biggest rewards. Meanwhile, carriers are having increasing difficulties negotiating their general and frequent rate increases through shippers, who expect carriers to pass a majority of the fuel cost savings on to customers.

The latter was recently seen when a long line of carriers introduced surcharges following the congestion and long waiting periods in ports on the US West Coast, says Drewry on Monday in its newsletter Container Insight.

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