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High bunker prices – where is the shipping industry heading?

By • Sep 1st, 2008 • Category: General

High bunker prices – where is the shipping industry heading? by Ravindra Galhena The world saw the highest ever oil prices in the middle part of this year. The bunker prices that remained around US$450/tonne a year ago rose to US$800/tonne or so. Most shipping companies adapted a slow-steaming policy to save bunkers as partial […]