Tighter EU import requirements proving 'a challenge' for forwarders
“Stricter Customs regulations” from the EU’s ICS2 will see “stricter enforcement”, Hapag-Lloyd has warned, and ...
© Vladimir Serebryanskiy |
By Mike Wackett
As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs.
This will inflict further damage on the bottom line of the financials of weaker carriers already challenged by second-quarter losses.
According to Ship & Bunker data, the price of Rotterdam-sourced industry-standard low-sulphur fuel (VLSFO) jumped on Friday by another $8 per ton to $643 and has now increased by 22% since the end of June.
In theory carriers have fuel cost mechanisms in ...
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