Big-ship economics suffer from lower fuel price

© Khunaspix Dreamstime.

There seems no stopping the plunge in oil prices, Brent Crude has now fallen below $60 per barrel and analysts have given up predicting a price floor for the hitherto ‘black gold’.

As a consequence heavy fuel oil is now around $300 per tonne – about half the price of six months ago – and ocean carriers are of course accepting the considerable cost decrease with open arms.

In its Container Insight Weekly, Drewry analyses the impact on the bottom line for ...