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Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains
Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains
Submitted by Michael Kern of OilPrice.com,
The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East.
The price of fuel oil has surged this month as the stalled tanker traffic at the Strait of Hormuz is tightening supplies of the fuel in Asia, the key bunkering hub for fuel...
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