Tiếng Việt
简体中文Many costs incurred
According to Freightwaves, before Russia officially sent troops into Ukraine, the price of fuel was already very high, and the battle broke out, causing the price of this important commodity to continue to reach new highs.
Quoting from Ship & Bunker, this news site said that the average price of VLSFO (very low sulfur oil, a fuel used mainly for ships) at the world’s top 20 ports reached 882. 5 USD/ton on March 3, 2022, a jump of 130 USD compared to the time before the conflict, and up 73% over the same period last year.
At the port of Fujairah (United Arab Emirates), one of the world’s largest fuel supply hubs for ships, the price of VLSFO rose to US$922.50 per tonne, an all-time record.
Normally, container shipping lines will collect a fuel surcharge (BAF) to offset costs incurred due to fluctuating fuel prices during the cargo journey. In the face of rising fuel prices, marine expert Lars Jensen said, “The BAF surcharge will increase significantly in the near future”.
This surcharge is collected from shippers, and while we probably wouldn’t be too surprised with inflation going up in the near term, one factor driving inflation up is the surcharges in the shipping industry. sea load.
The conflict in Ukraine also leads to another undesirable consequence, which is the risk of further straining the supply chain. The volume of goods imported and exported by containers in Russia is at 2-3% of the total volume of global container shipping, and for Ukraine it is even lower.
This number may not seem too large, but due to countries imposing sanctions on Russia and due to the war in Ukrainian waters, the amount of goods imported into Russia and Ukraine will not continue to be transported to the destination port, but by airlines. The vessel is either unloaded at a number of nearby ports (such as those in Bulgaria, Romania, Greece, Germany and the port in the Suez Canal area) for processing, or remains on board and will be returned to the country of export. .
However, as we have also noted, due to the impact of the Covid-19 pandemic, many seaports in the world have been in a state of stress, high risk of congestion, especially transshipment ports. great.
Some shipping lines plan to unload at the port of Hamburg (Germany) to wait for new developments, but this is a transshipment container port serving both the Russian market and the countries in the Baltic Sea with a large volume of goods, and This port has also announced that it does not accept shipments to/from Russia, so shipping lines have to adjust their unloading plans.