ShippingWatch

Russian bunker market attracts carriers under pressure

Carriers are increasingly performing stopovers in Russian ports such as St. Petersburg, Vladivostok and Vostochny in the Far East of the Russian bunker market. The attraction is caused by the lower bunker prices.

Russian ports are becoming increasingly popular for carriers as they are performing more frequent stopovers in an attempt to reduce the massive fuel costs. ShippingWatch reported on this trend one year ago, and now this trend looks set to grow even further, according to Alphaliner.

A higher number of ships sailed through the area around St. Petersburg this month before traveling on toward the Far East. For instance, German container ship Phoenix 1, at 4,389 teu and owned by Laiesz, called in the Russian port Ust-Luga before sailing on to the Mediterranean. From here the ship was set to join Hapag-Lloyd's service from the Mediterranean to the US Gulf and Mexico, says Alphaliner before summing up its point:

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