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

Severe Container Shortage At Several Chinese Ports

Severe Container Shortage At Several Chinese Ports

Severe Container Shortage At Several Chinese Ports   We recently reported that widespread capacity issues have returned for ocean freight services from Asia, which has now escalated further in some Chinese origin ports due to severe container shortages. Across...

read more
Capacity Issues Return For Asia Ocean Freight Services

Capacity Issues Return For Asia Ocean Freight Services

Capacity Issues Return For Asia Ocean Freight Services   The current market conditions for ocean freight services from Asia are starting to feel like the days of the pandemic, as widespread capacity issues have returned. As we approach the traditional peak...

read more
Atlantic Pacific Receive King’s Award For Enterprise

Atlantic Pacific Receive King’s Award For Enterprise

Atlantic Pacific Receive King's Award For Enterprise The Atlantic Pacific Global Logistics team are absolutely thrilled to have received the much coveted King's Award For Enterprise in the International Trade category this year. In a confirmation statement from the...

read more
Atlantic Pacific Make The 2024 Growth Index Top 100

Atlantic Pacific Make The 2024 Growth Index Top 100

Atlantic Pacific Make The 2024 Growth Index Top 100   Atlantic Pacific Group have made the 2024 version of the Growth Index list, which highlights the top 100 fastest growing companies for the year. Growth Index is the definitive, independent list that measures...

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