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Russians dumping bunker prices

Major container carriers are increasingly looking to the Russian ports in the Far East, where bunker prices are significantly lower than in China, according to newsletter Ship&Bunker.

Photo: Hanjin

Cheap bunker in Russian ports in the Far East, such as Vladivostok and Nakhodka, are taking a big toll on revenues in major Chinese port Shenzhen, where bunker sales have declined 20 percent since the beginning of 2013 due to the competition from Russia.

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