Bunker battle

Leach, Peter T.
October 2006
Journal of Commerce (1542-3867);10/9/2006, Vol. 7 Issue 41, p14
This article explains that bunker fuel surcharges is certain to become a contentious issue in the 2007's contract negotiation between ocean carriers and shippers. Carriers say they are determined to recoup more of their fuel costs as profits of ship lines are weakening. Almost all publicly listed carriers have cited increasing fuel costs as main reason for the steep decline of their profitability. On the other shippers are divided over the issue.


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