Whilst fuel cost savings since 2011 have been impressive, recent financial results suggest that ocean carriers will have to do a lot more to make shareholders happy next year. Depending on vessel size, bunker costs can amount to over 60% of all voyage expenses, which explains why ocean carriers’ recent 1H 13 financial reports have dwelt so much on success in minimising fuel
Whilst fuel cost savings since 2011 have been impressive, recent financial results suggest that ocean carriers will have to do a lot more to make shareholders happy next year. Depending on vessel size, bunker costs can amount to over 60% of all voyage expenses, which explains why ocean carriers’ recent 1H 13 financial reports have dwelt so much on success in minimising fuel