The year-on-year increase in fuel prices will be reflected in an increase in ticket prices and freight rates for goods transported by ship (roll-on/roll-off) beginning next year. The shipping companies that operate in Ibiza and Formentera are still afraid to put a figure on the percentage of the already sweeping increases, but they practically take them for granted and only need to put a date on it, even though everything indicates that it will be in the first month of next year. The reason given by the employers Apeam is that they estimate that the price of fuel used to power their vessels has increased by 10% since July 2021, which has a direct effect on each shipping company’s operating costs. Rafael Cardona, delegate of the employers’ association in Ibiza (which represents businesses engaged in maritime activities), stated yesterday that the sustained increase in the price of fuel over the last six months makes “Rates in 2022 could potentially increase.” Although he refrained from putting a number. The spokesman admitted that prices had increased “is a concern of ours.” He explained that, similar to how the price of fuel fell significantly in 2019, prior to the covid, “at this point, we are already well above the prices prior to the pandemic, since July.” For the full article, please visit Diario de Ibiza website here.