Oil’s Crash Could Help Container-Lines, But Not Yet — Panjiva
Más

Panjiva_research_logo

Oil’s Crash Could Help Container-Lines, But Not Yet

Corp - Shipping 608 Energy - Bunker Fuel 63 Energy - Crude Oil 194 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Rates 141

The recent slump in oil prices, which has seen WTI drop 23.8% lower than at the end of the third quarter at at Nov. 13, has yet to help shipping companies that have struggled with higher fuel costs. S&P Global Platts data shows bunker fuel costs have only fallen by 3.9% over the same period. Indeed in the fourth quarter so far on average bunker fuel costs are 5.6% higher than in the third quarter while container rates are only 0.6% higher. A sustained lower oil price, a decline in bunker fuel costs to match and the discipline from shipping lines to not cut rates are all needed for s...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.