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
WORLD SHIPPING
27 August 2013 - 00:00
Fuel savings not enough
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
WORLD SHIPPING
27 August 2013 - 00:00
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