Supply chain congestion builds at Colombo port as economic crisis heats up
With transport companies in Sri Lanka hit hard by large-scale fuel stockouts – in the ...
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By Mike Wackett
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 ...
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