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Dropping fuel prices linked to lower ocean rates
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The maritime analyst SeaIntel has cautioned industry observers to refrain from uncoupling falling ocean freight rates and the dropping price of fuel. In its Sunday Spotlight report, SeaIntel wrote that a large proportion of falling rates shown by recent indices of key headhaul lanes comes from the fact that bunker prices have dropped in recent weeks, with most bunker adjustment factors calculated on a lag behind real-time prices. “The conclusion is that part of the re...
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