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Bunker Prices Show Decline, Let’s Hope the Trend Continues [REPORT]
23 March -29 March 2012 We had a very strange and difficult week in the oil markets this week, but ship owners and charterers will be glad to see
bunker fuel
Friday, March 30, 2012
Tuesday, February 28, 2012
News
Hyundai Merchant Marine Expresses Concern with Soaring Bunker Fuel Prices
SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken
Thursday, February 23, 2012
Finance
Hanjin Shipping To Maintain Oil Hedging Ratio At 30% Due to Fuel Price Volatility
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
Thursday, August 4, 2011
News
$680,000 per day in ship’s fuel costs… ouch. ***UPDATE***
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
Tuesday, July 26, 2011
Uncategorized
Expensive Bunkers Hurting Shipowners – Poten & Partners
Rising bunker prices have significantly eroded shipowners’ earnings this year, “particularly owners with considerable spot market exposure,”
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