Weekly Reviews For Soaring Fuel Costs

March 10, 2022

Weekly Reviews For Soaring Fuel Costs

 

Fuel prices are soaring since the Ukraine conflict started, which is affecting costs on all transport modes.

Following escalating sanctions and the UK & US oil ban on Russia, traders are suggesting that oil could hit $200 a barrel by the end of the month – which would effectively see it double since the turn of the year.

UK and European transport has already been affected by petrol and diesel pump prices. Ocean freight bunker costs are on the rise, especially for longer journeys, such as Asia/Europe round trips, and airfreight has seen an increase in fuel and capacity issues.

With the fuel situation expected to be very fluid during the coming weeks, and maybe months, managing international freight and UK domestic transport pricing is likely to be an arduous task.

Therefore, Atlantic Pacific have decided to initiate a weekly review of fuel surcharges across multiple transport modes, and will endeavour to notify customers of movements up or down every week during the conflict.

While there is no exact science to how fuel impacts shipments to or from every country, every route or every shipment type, we believe the above will provide a useful and current guide to the ‘likely’ impact on freight and transport costs.

The first review will be next week. In the meantime, should you require further information, then please do not hesitate to contact one of the team.

Other News

Atlantic Pacific Festive Season Business Hours

Atlantic Pacific Festive Season Business Hours

Atlantic Pacific Festive Season Business Hours   Herewith the Atlantic Pacific business hours for operations and customer service in the UK, Ireland, and USA, during the upcoming holiday season.UK & Ireland Friday 22nd December - Open until 1pmSaturday 23rd...

read more
Our Christmas Video For This Year

Our Christmas Video For This Year

This Year's Atlantic Pacific Christmas Video   Maybe not quite as eagerly awaited as John Lewis, but an Atlantic Pacific Christmas video is now a traditional part of the festive season for us, and it's time to share our latest version. We hope you enjoy!...

read more
Ocean GRI Proposals Circulating Again

Ocean GRI Proposals Circulating Again

Ocean GRI Proposals Circulating Again   Despite numerous attempts to raise rates this year, which have largely failed, General Rate Increases (GRI's) are once more being suggested for December. Originally proposed for December 1st, there are now rumblings that...

read more

Follow us on social media

Ocean Freight Solutions

Flexible FCL and LCL solutions with all major carriers and alliances.

View More

Air Freight Services

Contracts with all major airlines and our own consolidation services.

View More

European Road Freight

Pan European services for economy, express, full load, and intermodal.

View More

Supply Chain Solutions

Tailored solutions built exclusively around your business requirements.

View More

Customs

A one-stop shop brokerage service for all of your customs requirements.

View More