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Higher bunker prices result in 50% more claims

Higher bunker prices are resulting in 50% more claims

The ENGINE analyst desk investigates:

  • All-time high bunker prices lead to a sharp increase in bunker claims, surpassing the previous high seen during the IMO2020 transition
  • More claims in a high-price environment can result in much higher financial losses
  • Higher water content in fuel oil and an increase in VLSFO viscosity seen amid a lack of blending components