Ships voyaging into the Arctic must be bunkered and supplied at one end or other, and port already on the major shipping lanes should have an edge.
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Having recently returned from a 6 week voyage as Ice Navigator, Captain David (Duke) Snider looks at the reality of Arctic shipping.
One of the most important reasons to manage price volatility in fuel markets is to secure a company's competitive edge.
WTI slipped $1.88/bbl to $101.45 as Brent shed $1.54/bbl, finishing at $107.76.
The company has time-chartered in ships to bridge the gap before its first newbuilds arrive.
Vivo Energy Mauritius is the first supplier to offer the grade in the southern western part of the Indian Ocean.