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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

by KIM WIESENER

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.

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