bunker fuel

SEOUL (Dow Jones)–Hanjin Shipping Co. (117930.SE) will maintain a oil hedging ratio of 30% of bunker fuel purchases this year in order to be less

Correction to this article…  Ship brokers MJLF & Associates pointed out to us this morning that VLCCs burn ~100MT of fuel per day, which results in

Rising bunker prices have significantly eroded shipowners’ earnings this year, “particularly owners with considerable spot market exposure,”