News / Soaring bunker prices could hasten 'return to normal' for liner trades

© Bakhtiar Zein

Low-sulphur bunker prices increased another $100 per ton yesterday and, having soared by a third since the end of February to about $1,000 per ton, are adding millions of dollars to the cost of operating a ULCV on an Asia-North Europe round-trip.

And with a Russian oil ban “on the table”, as sanctions are ratcheted-up following the invasion of Ukraine, traders are predicting oil could hit $200 a barrel by the end of the month – more than double the price ...