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Global average VLSFO bunker prices rose $24.50 per ton to $987 per ton on March 8, 2022, compared with $536 a year earlier. Analyst Lars Jensen argued that current freight rates already cover costs, so carriers could choose to freeze or remove bunker adjustment factors.
Political pressure on carriers over pricing is increasing.
Whether carriers pass fuel costs through surcharges determines ocean freight costs for feed importers. Removing surcharges would ease freight pressure, while keeping them maintains high landed costs.
shipandbunker.comShip, Bunker News TeamMar 9, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
