Bunker costs have risen to their highest levels in nearly four years, potentially exerting negative impact on vessel earnings and shipping demand.
According to Ship & Bunker assessments, global average price of the benchmark 380-centistoke (cst) bunker fuel has breached the $500-per-tonne mark since the beginning of October, a $30 spike from the September 20 level.
The 380-cst grade was assessed at $510 per tonne in Singapore on Tuesday, $510.50
