Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Freight & Trading Weekly
    • Imports and Exports
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Economy
Imports and Exports
International
Sea Freight

Bunker fuel price continues to level out

11 Mar 2020 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The price of bunker fuel has continued to level out after the volatility experienced last week.

Cockett Marine Oil reported today’s price for the Port of Durban at $224, slightly up from $220 earlier this week.

Diminished supply chain volumes caused by the coronavirus and a plunging oil price caused the steep dip in Durban’s bunker price, down from $520 last week to the current levels.

The price reflects mounting indications that the ocean freight sector is ready to return to full service levels as China’s manufacturing sector gathers momentum.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

DTIC to launch new energy fund

Economy

The department has availed R240 million to be administered via interest-free loans to support companies to become energy secure.

26 Jul 2023
0 Comments

Africa keeps church bell imports alive

Imports and Exports

“We currently have orders from Tanzania, Nigeria and Congo,” says Armando Marinelli, an artisan church bell-maker from Italy.

26 Jul 2023
0 Comments

Wall to reduce KZN vehicle hijacking

Domestic

The community of uMhlabuyalingana has suffered significantly from border crimes.

26 Jul 2023
0 Comments

Shortlist for Boegoebaai port and rail development announced

Employment
Technology

The development will improve connectivity and provide logistics for manganese, green ammonia and other commodity exports.

26 Jul 2023
0 Comments

EU forges ahead with climate-neutral shipping

Sea Freight

The new regulations are intended to align the trajectory of maritime transport with the European Union's climate targets for 2030 and 2050.

25 Jul 2023
0 Comments

Metro police officer dies at the hands of truck hijackers

Road/Rail Freight

eThekwini Mayor, Mxolisi Kaunda, condemned the killing of Ogle, whom he described as “brave”.

25 Jul 2023
0 Comments

South Africa's port and rail woes drag on GDP Growth

Economy

Economists have warned that the mining sector's profits are slumping, and investors are cutting back on capital expenditure.

25 Jul 2023
0 Comments

Load shedding here to stay for several years – expert

Economy

According to the CSIR the transmission limitations would mean that little more power can be fed into the grid without increasing capacity.

25 Jul 2023
0 Comments

Somalia deflects Kenyan attempts at demarcation dispute

Africa

According to Somalia, Djibouti has not approached them yet, and Mogadishu will reject such overtures.

25 Jul 2023
0 Comments

Angola sticks its neck out for moving giraffes back home

Africa
Road/Rail Freight

The giraffes were fully awake during the entire process and were mainly standing during the trip.

25 Jul 2023
0 Comments

Infrastructure investment a priority to grow the economy – Ramaphosa

Road/Rail Freight

“The problem of municipal underspending can be overcome with support, technical assistance and planning.”

25 Jul 2023
0 Comments

ONE pilot to curb dangerous goods shipping problems

Imports and Exports
International

Any DG container which fails the inspection will be placed on hold until all necessary corrective actions have been taken.  

24 Jul 2023
0 Comments
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

BMA steps in to help DG and FMCG cargo at Groblersbrug
Yesterday
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
More

Featured Jobs

New

General Manager

Switch Recruit
Centurion
22 May
New

Customs Entry Clerk (Specializing in Drawbacks and Road Export Entries)

Tiger Recruitment
East Rand
22 May
New

Clearing Controller

Lee Botti & Associates
Durban
21 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us