# Rising fuel prices squeezing shippers and carriers | Journal of Commerce

> Rising bunker fuel prices, up about $180 per ton year over year, are raising costs for container lines and shippers. Carriers are seeking higher trans-Pacific contract rates.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72667-rising-fuel-prices-squeezing-shippers-and-carriers-journal-of-commerce
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher bunker costs push up ocean freight rates, which can raise landed costs for imported feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- joc.com: https://www.joc.com/article/rising-fuel-prices-squeezing-shippers-and-carriers-5200109

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.