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Container shipping fuel prices remain elevated as supply fears ease

2026-09-16 ·FreightWaves ·Views 32

The cost of fuel for ocean-going cargo ships more than doubled so far this year, although supplies have improved.

What it means for the market

When bunker prices more than double, the cost shows up in bunker adjustment factors before it shows up in base ocean rates. A fixed base rate offers little protection if the surcharge resets quarterly, and as ocean unit costs climb, the gap between sea freight and Sea & Air or express narrows. Review how your contract defines surcharge adjustment and how often it is applied. Rather than committing all peak-season volume to a single ocean routing, price out a portion via transshipment or air now so you can compare cost and transit time side by side.

This section is written by AI from the article above and is not the company's official position. Clearance and tax outcomes differ from shipment to shipment - please confirm with your contact before acting on it.

Source · FreightWaves

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