Greg Miller
Friday, March 4, 2022
Ship fuel spikes to historic $1,000/ton mark as war fallout worsens
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
An attack on Ukraine could hike costs for shipowners and cargo shippers across the globe.