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Breaking the Ice: The Northern Sea Route

... shipped for the emerging Russian gas major Novatek (LON:NVTK). Less Fuel More Boon If we take a reasonably big container ship (e.g. OOCL Atlanta), it burns 230 to 240 tons of diesel per day from its 7,000 tons tank. In the middle of 2013 'bunker fuel' (i.e. any type of fuel used by ships) traded at ~$600 per ton, which is up by ~297% from 2008 or in monetary terms $4 million for a full fill up for an equivalent of an OOCL Atlanta. As bunker fuel can add up to more than 70% of shippers’ ...