Total bunker costs increased 44% to $1.9 billion during the first quarter while freight rates remain low, says Maersk.
In Full »
CSAV reports lower Q1 losses, notes that freight rates have not reached breakeven levels in the current quarter.
Maybank Kimg Eng and OCBC Investment Research give mixed reviews after the company reported Q1 losses on high fuel costs.
This will 'greatly reduce counterparty risk that was troubling the market', says Danaos CEO.
Posts losses even as it achieves $100 million of cost savings through reduced fuel consumption and improved operational costs.
