News / Shippers rage at bunker surcharge hikes – 'our time will return', they vow

© Mariusz Bugno, Dreamstime.com

Following huge hikes in FAK rates over the past 18 months, as oil prices surge, shippers now face significant increases in bunker surcharges .

The price of Rotterdam-sourced low-sulphur fuel oil (LSFO) jumped yesterday by $14.50 per tonne, to $573.50, with the cost of heavy fuel oil (HFO) increasing by $13, to $440.50 per tonne.

Since August, the price of HFO has shot up by 16%, while LSFO has spiked by 21%, widening the spread between the two fuels from $53 to ...