Shipowners have been warned they will need to relook at fleet deployments plans for the year ahead with the industry braced to shell out far greater sums in bunker costs.
Bunker prices, already the highest they’ve been since 2012, are widely tipped by many senior executives polled by sister title Splash Extra to remain at severely elevated levels all year, leading to a greater swathe of the world merchant fleet deciding to slow steam where possible and forcing the hand of many vintage units towards demolition.
