Top Dollar for the Bottom of the Barrel

The cost of bunker fuel has always been a central component of determining a tanker’s earnings, and in recent weeks, rising fuel costs have once again come to complicate an already-challenging tanker market. Faced with surging fuel prices at a time of weak earnings and  depressed demand, owners currently mired in the summer doldrums find themselves asking: what’s causing the rise in bunker prices and how long can it be sustained?  This time it is not just the universal increase in crude oil price that is causing bunker prices to rise. Download here