Shipping Fuel Costs: The Unseen Enemy In The Fight Against Inflation

Bunker prices are on the rise. This is not news in itself: it would have been surprising if the price of one oil derivative was down when the prices of all others were up. Yet it is becoming a cause for concern as higher bunker costs push maritime transport costs higher. With much of global trade relying precisely on maritime transport, higher prices are adding to already substantial inflationary pressures. And there doesn’t seem to be light at the end of this tunnel. Bunker prices climbed close to a record high earlier this month, with the…