Monday, May 14, 2007

Nippon Yusen Pays Nippon Oil 6.3 Percent More for Fuel Oil Loaded in April

(Bloomberg) -- Nippon Yusen K.K., Japan's biggest shipping line, agreed to pay Nippon Oil Corp. 6.3 percent more for fuel oil in April because of higher crude oil prices.

Nippon Yusen will pay $372 a metric ton for 180-centistoke C-grade fuel oil loaded last month, the company said today in an e-mail. That's $22.10 a ton more than it paid for the fuel in March. Prices for so-called bunker fuel are set retroactively.


Read more at Bloomberg Energy News

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