The world’s second-largest container line will raise freight costs to offset surging fuel expenses, signaling broader inflation pressures.
A.P. Moller-Maersk will increase shipping rates to counter higher oil prices, its CEO said. The move follows a 15% jump in Brent crude since early June, lifting bunker fuel costs for carriers.
Maersk previously absorbed fuel spikes but now expects customers to bear the burden. Analysts estimate every $10 per barrel rise adds $1.2 billion in annual costs for the industry.
Shares of Maersk rose 1.8% in Copenhagen trading, while broader freight indices remained flat.