Subscribe to RSS feedCheap fuel means box blues
by
Obsidian
—
last modified
Jan 29, 2009 12:00 AM
Cheaper fuel prices could add to the woes of the container shipping trades rather than bring relief to ocean carriers.
Should bunker costs return to lower levels for a sustained period of time, slow steaming may no longer make economic sense.
That could release more spare tonnage into a market that is already saturated with too much capacity.
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