SeaIntel: Toxic mix rapidly draining carriers
Growing fuel costs combined with low rates have drained the 15 largest container carriers of a total USD 1.5 billion in the second and third quarters.
by OLE ANDERSEN
A toxic mix of low rates and growing costs for fuel are draining container carriers of liquidity at an alarming pace. The increase in bunker costs alone represents a burden on 15 major container carriers worth USD 600 million in the third quarter.
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