Growing shortage of diesel prompts fears of rationing and haulage job losses
The growing shortage of diesel at a time of rising demand is setting off alarms ...
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By Mike Wackett
On the back of a nine-month high for oil prices, the cost of Rotterdam-sourced bunker fuel jumped another $7.50 today to reach $601.50 per ton.
The price has now risen by $27 per ton in the past 28 days, yet another new threat to embattled ocean carriers struggling to turn a profit.
Since the last cumulatively profitable year for container lines in 2010, many have had their operating results ruined by freight rate volatility, but on the other side of the balance ...
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