Soaring Oil Will Hit Stena Line Charges ; Shipping Company Joining Rivals

Daily PostOctober 12, 2005

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Summary


THE rising cost of oil has forced ship operator Stena to "significantly" increase its fuel surcharge.

Stena Line Freight, which operates shipping services around the world, including Irish Sea routes, said it could no longer absorb its heavy transporting outlays.

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Extract


Soaring Oil Will Hit Stena Line Charges ; Shipping Company Joining Rivals

Michael McGrath, freight director at Stena Line, said: "Our fuel costs have more than double...

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