McQuilling forecasts record bunker price in 2013

Ocean

Friday, February 15, 2013

The cost of bunker fuel for ships could hit an all-time high this year, according to a forecast by McQuilling Services Marine Transportation Advisors, based in Garden City, N.Y. McQuilling is forecasting the average cost of IFO 380 fuel oil worldwide will be $690 per metric ton this year compared to $672 per ton in 2012. The actual price in 2012 was higher than McQuilling’s forecast last year, which was $650 per ton. McQuilling said its prediction about the cost of bun...

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