Bunker prices: the trend is down

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Some comfort for container shipping lines battling the headwinds of an unrelenting pressure on freight rates caused by weak demand and overcapacity: fuel prices are still falling. Rotterdam-sourced IFO 380 was down another $4 per tonne in trading today to $237.50 – the lowest level for bunker fuel in six years.

And there is more good news: analysts believe that bunker prices have further to fall and the cost relative to the cost of crude oil is also in decline. The ...