The price for high-sulphur bunker fuel at the Port of Durban lost further ground as it went from $198 yesterday to $190 earlier this after, as reported by Cockett Marine Oil.
Low sulphur bunker fuel is currently priced at $335.
A new Sea-Intelligence analysis warns that resuming Suez transits could release 2.1 million TEU of capacity but may also unleash a wave of congestion at European ports.