Low oil price brings relief for containership operators, but slow-steaming benefits are lost

© Makaule

The jury is out as to whether the dramatic fall in oil prices in the past two years has produced a net benefit for the world economy, but they have certainly given transport providers welcome relief from other worries.

Bunker prices are at a level not seen since the early 2000s, noted Drewry today, but given the way that carriers responded to rising fuel costs which spiked at more than $600 per tonne in 2007 and 2008 – by introducing slow- ...