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Fuel Costs

4 GoKawiil briefs on this topic

Villa Vie Suspends Odyssey 'Endless Cruise,' Forces Residents Off Ship in Cambodia

Villa Vie Residences halted operations of its Villa Vie Odyssey residential cruise ship, telling all passengers to disembark by 2 pm after CEO Kathy Villaba said the company could not secure enough fuel to continue sailing. The company says monthly per-cabin fuel costs jumped from roughly $1,800 to as much as $8,000, making it unable to keep operating without passing on unaffordable increases to residents who live aboard full-time.

Delta Air Lines shares fall 3% after Q3 earnings miss and cautious outlook

Delta Air Lines reported third-quarter results showing a significant drop in net income and issued a more conservative forecast for coming periods. The announcement sent its shares down more than 3% in Friday morning trading.

US diesel prices hit record $6.53 average per gallon

Diesel fuel prices in the United States have climbed to a record average of $6.53 per gallon, with some farm operators reporting a 77% jump in fueling costs for equipment like tractors. The spike has drawn widespread attention as a key driver of broader price pressures across the economy.

Maersk trials 115-foot rotor sails to cut cargo ship fuel use

Maersk has installed a giant spinning cylinder, known as a rotor sail, on one of its cargo vessels carrying 8,700 shipping containers. The 115-foot-tall device uses wind power through the Magnus effect to help propel the ship, reducing the amount of fuel the engines need to burn.