{"id":7784,"date":"2023-09-26T15:18:22","date_gmt":"2023-09-26T15:18:22","guid":{"rendered":"https:\/\/axxessintl.com\/box-lines-hit-by-rising-fuel-costs-as-opec-cuts-supply\/"},"modified":"2023-09-26T15:24:36","modified_gmt":"2023-09-26T15:24:36","slug":"box-lines-hit-by-rising-fuel-costs-as-opec-cuts-supply","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/box-lines-hit-by-rising-fuel-costs-as-opec-cuts-supply\/","title":{"rendered":"Box Lines Hit by Rising Fuel Costs as OPEC Cuts Supply"},"content":{"rendered":"

As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs.<\/p>\n

This will inflict further damage on the bottom line of the financials of weaker carriers already challenged by second-quarter losses.<\/p>\n

According to\u00a0Ship & Bunker<\/em>\u00a0data, the price of Rotterdam-sourced industry-standard low-sulphur fuel (VLSFO) jumped on Friday by another $8 per ton to $643 and has now increased by 22% since the end of June.<\/p>\n

In theory, carriers have fuel cost mechanisms in place to adjust bunker surcharge amounts payable by shippers, but in practice some lines have waived increases within the heavily discounted period of the past few weeks.<\/p>\n

Read more in an article from The Loadstar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs.<\/p>\n","protected":false},"author":15,"featured_media":3117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[943],"types-de-nouvelles":[],"class_list":["post-7784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-ship-bunker-en"],"yoast_head":"\nBox Lines Hit by Rising Fuel Costs as OPEC Cuts Supply - Axxess International<\/title>\n<meta name=\"description\" content=\"As global freight rates continue to fall, container shipping lines are being hit by a huge spike in fuel costs. 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