Whack, whack whack: it's my winter almanac
Goodbye 2022 … uh oh, here comes 2023
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 news of reduced costs for their ships will help the bottom line of carriers – as long as they do not fritter it away again in rate discounting.
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Taiwan carriers pay record staff bonuses after year of bumper profits
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Shippers put more pressure on ocean carriers for carbon-free services
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
Dachser's M&A in air and ocean freight – how serious is that?
Asia services expanding as logistics players opt for a 'China+1' strategy
Atlas Air merger with Apollo group finally set to close on Friday
End-of-year cargo surge adds to operational challenges at JNPT
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