Type: Ocean Freight
Duration: 28 min
Slide deck:
Play Session:
The issue of bunker adjustment factors invariably provokes a strong reaction in the shipping industry, covering the gamut of viewpoints. There can be few other subjects in the maritime sector and along the logistics supply chain on which opinions are so polarized. Many bunker clauses have been created at points in time with significant higher bunker cost levels and IFO380 as a reference. However, this year the price of oil has reached record lows. In this session, we will focus on bunker shares and showcase a live example of what shippers and their service providers must do to be prepared for an increase in oil prices in the future.
Michael serves as VP, Strategic Accounts at Xeneta. He came to Xeneta after 10 years with TIM Consult where he held the position of Project & Community Manager of Ocean Freight. Michael has an MSc in International Business.
