Early warning on fuel costs
We don’t want to depress our supporters but we could face some stormy waters on fuel costs this winter due to the potential spiking of Marine fuel prices when new European emission standards come into force on the 1st January 2015. We understand that Red Funnel are not too concerned because they are already 100% compliant with the power units and they are rumoured to have hedged their fuel prices by fixing forward purchase contracts. We do not have the same information for Wightlink or Hovertravel so would welcome some public information. Wightlink are believed to be fitting the necessary power unit equipment to the last ferry in October this year but we are not sure whether they have hedged their fuel purchases ahead.