Tanker Rates to Remain High on Tight Capacity, Plentiful Crude
“We will for sure have a strong first quarter and if the market has legs, it will correct downwards, but it will still be comfortable. I think 2020 will be Continue Reading
Shipping industry sails into unknown with new pollution rules
Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have Continue Reading
US EIA sees $2/b bump in light crude prices next year on IMO 2020
Residual fuel sulfur spread more than doubles since July Demand for low-sulfur fuels drives US refinery utilization higher US retail gasoline, diesel prices to remain steady in 2020 Washington — Continue Reading
Storage tankers off-Singapore decline on strong LSFO demand ahead of IMO 2020: sources
The number of tankers floating around the Singapore Strait have seen a steady decline in recent weeks as low sulfur material gets moved to landed storage to meet rising demand Continue Reading
Shipping Industry Faces Disruptions As New Fuel Rules Loom
As the new sulfur emission rules of the International Maritime Organization are about to come into effect in January, a shortage of refueling barges is causing delays in compliance, Reuters Continue Reading
Shipping Faces New Headwinds in Meeting Emissions Rules
It is the first in a series of steps the global maritime industry is supposed to take to address energy consumption and emissions. The actions will substantially raise operating costs Continue Reading
Bunker fuel quality remains a pressing concern as IMO 2020 nears
Bunker fuel quality issues continue to persist in the industry, even as fuel management is set to become more critical, ahead of the International Maritime Organization’s, or IMO, January 2020 Continue Reading
US maritime industry fears recent government proposals may weaken Jones Act
The US maritime industry fears a Trump administration proposal to modify decades of ship transportation rulings could weaken Jones Act enforcement, potentially altering a century of legal precedent governing the Continue Reading
Vessels will avoid areas lacking cleaner maritime fuel: panel
Shortages of low-sulfur fuel oil could appear at some ports in Africa, South America and Southeast Asia next year, but most major ports around the world will have adequate supplies, Continue Reading
Shipping companies bracing for legal knots as IMO sulfur cap rules loom
The upcoming IMO 2020 sulfur emission regulation is prompting both owners and charterers to negotiate and incorporate new clauses in their charter party agreements, or CPAs, to factor in the Continue Reading