Escalating fuel prices are posing a renewed risk to carrier profitability, adding to the twin threats of new container capacity coming on stream as softer demand hits after Chinese New Year.
Brent crude is forecast to top $70 a barrel this week – its highest level since mid-2015 – having risen by 35% in the past six months.
The trend shows little sign of abating, given the ongoing battle between OPEC and shale …
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Source: The Loadstar