Reports
Higher bunker prices result in 50% more claims
June 29, 2022
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
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