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An expert says ocean carriers could start raising fuel surcharges as early as October to cover the higher cost of low-sulfur fuel ahead of the January 2020 IMO mandate. Estimated price impacts range from $200 to $400 per TEU.
Higher bunker costs passed through as surcharges would raise ocean freight rates for grain and feed ingredient exports. The added cost would be felt most in the months after the mandate starts.
freightwaves.comBrian BradleyApr 17, 2019Not 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.
