Higher bunker prices expensive for carriers: Added costs may exceed USD 10bn

The marked surge in bunker prices following Russia’s invasion of Ukraine has so far cost container lines USD 2.5bn, according to Sea-Intelligence.

Photo: Arkivfoto / Colourbox

If ship fuel prices stay at their current high level, the annual added costs for container lines could exceed USD 10bn and possibly reach as much as USD 12.8bn.

According to Sea-Intelligence, the elevated bunker prices seen since the war broke out in Ukraine on Feb. 24 have so far cost carriers USD 2.5bn, and should the trend persist, the added expenses might amount to double digits in the billions of dollars annually.

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