Conflict drives up bunker prices, helping intra-Asia rates end six-week decline

AI Summary

Intra-Asia shipping rates have ended a six-week decline due to port congestion in China and a rebound in bunker fuel prices, which increased by 1% week on week as of August 6. The conflict has indirectly affected shipping costs and logistics in the region.

Rates on intra-Asia trades have ended six weeks of decline, helped by port congestion in China and a rebound in bunker prices, with average prices up 1% week on week on 6 August, to $970 per 40ft The post Conflict drives up bunker prices, helping intra-Asia rates end six-week decline appeared first on The Loadstar.