AP Moller-Maersk saw a 54 per cent jump in its average bunker price in the first quarter as the Russian invasion of Ukraine delivered a surge in oil markets.
Maersk paid an overage of US$611 a metric tonne for bunker fuel in Q1, up from $398 per metric tonne in the same period a year earlier.
Global average VLSFO prices gained 60 per cent to $782 a metric tonne over the same period, according to Ship & Bunker's G20 Index of prices at twenty leading bunkering ports.
Maersk's bunker consumption slipped by 1.6 per cent on the year to 2.7 million metric tonnes in Q1, its fuel consumption per container mile fell by 2.6 per cent.
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