Bunker Prices
In the maritime context, bunker prices refer to the cost of fuel used by vessels. The term 'bunker' is derived from the containers on ships where fuel is stored, known as bunkers. Bunker prices are a significant component of the operating costs of a ship and can greatly influence the profitability of maritime operations. These prices are subject to fluctuations based on global oil prices, geopolitical events, and changes in environmental regulations. For instance, the introduction of the International Maritime Organization's (IMO) 2020 Sulphur cap led to a rise in the prices of low-sulphur fuel oil (LSFO), which ships had to switch to in order to comply with the new regulations. Bunker prices are typically quoted per metric ton and can vary at different ports around the world. Therefore, ship operators often have to strategize their refueling stops based on where they can get the most cost-effective bunker prices.
Your Previous Searches
Random Picks
- U.S. Coast Guard: The U.S. Coast Guard (USCG) is a branch of the United States Armed Forces and one of the country's seven uniformed services. It is a maritime, military, multi-mission service unique among the U.S. military branches for having a maritime law ... Read More >>
- Cardiovascular Endurance: Cardiovascular endurance is the ability of the heart, lungs, and circulatory system to deliver oxygen and nutrients to the body's muscles during sustained physical activity. It is a crucial component of overall fitness and is essential for ... Read More >>
- Weather Charts: Weather charts are graphical representations of meteorological data that provide information about weather conditions over a specific area and time. These charts are used by mariners to plan and navigate their voyages, as well as by meteoro ... Read More >>
Top News
Training Coast Guard's elite surfmen in an inlet that's killed hundreds...
Surfmen trainees head to dangerous waters to learn the skills needed to drive Coast Guard lifeboats on the most challenging rescue missions....
News Source: CBS News on 2024-10-27
U.S. Coast Guard trains elite rescuers in dangerous surf...
The U.S. Coast Guard's elite surfmen are trusted to drive lifeboats on the most challenging rescue missions. They train in some of the worst weather and on the highest seas in America....
News Source: CBS News on 2024-10-27
Migrant man dies trying to cross the English Channel after small boat deflates...
An Indian man about 40 years old has died in northern France after the inflated boat he and other migrants had boarded to cross the English Channel deflated...
News Source: ABC News on 2024-10-27
Indonesian forests pay the price for the growing global biomass energy demand...
The global push for biomass that can be burned for energy is causing concern about the price Indonesia's forests are paying...
News Source: ABC News on 2024-10-27
Navy issues apology for destroying Alaska Native village in 1882...
The attack on Angoon was one of a series of conflicts between the American military and Alaska Natives in the years after the U.S. bought the territory from Russia in 1867....
News Source: CBS News on 2024-10-26