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Ocean carriers and shippers are negotiating 2019 contract freight rates, with fuel surcharges a main dispute as the industry shifts to low-sulfur bunker fuel. Drewry says there will be no clear low-sulfur fuel price curves until Q3 2019, and new fuel rules could cost billions globally.
Higher and less transparent fuel surcharges would raise ocean freight costs for grain and feed exporters, weighing on export margins.
freightwaves.comFreightWaves StaffFeb 7, 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.
