Bunker price was the death of slow steaming in 2015
Although the bunker price plummeted to a level between USD 120 and 150 per ton over the course of 2015, and reduced the shipping industry's biggest single expense significantly, the historically low price has seemingly also meant the death of slow steaming. At least in the bunker industry which is currently in the midst of the worst crisis ever, with a dry bulk index that just last week set four new record lows ending at 429 on Friday.
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