News / Bunker price reduction puts box carriers back in the black – but for how long?

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Maersk Line could add more than $2bn to its bottom line this year from fuel cost savings, according to Alphaliner calculations.

This is based on the carrier’s annual bunker consumption of 8.8 millon tonnes; providing oil prices remain at the current level and that Maersk is not obliged to give too much back to shippers in lower freight rates.

The analyst says the Danish container line produced its record $2.3bn net profit in 2014 based on an average bunker price of $560 ...