Cargill Vessels Join Maersk MR Pool To Gain More Exposure
In a major development, Cargill and Maersk Tankers has announced a strategic partnership that will improve flexibility for customers and reduce fuel consumption and...
IMO 2020 To Halt the European Refinery Boom?
According to a Bloomberg article, multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping...
Spotted Lanternfly Infestation Force Ship Quarantine Off of Brooklyn
An insect native to China has made its way to Brooklyn, and now the cargo ship is under quarantine because of the infestation. The...
APEX To Use Argus Bunker Index To Manage LSFO Price Risk
According to an article published in PR Newswire, the global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) has...
Panama Canal Toll Structure Modifications Officially Approved
Cabinet Council of the Government of Panama has officially approved the modification of the Panama Canal tolls structure.
The proposed tolls modifications were...
Maersk Financial Results Q2 2019 – Transformation
Improved cash return on invested capital at 6.9% and synergies of USD 1bn realized earlier than expected.
In Jan 2019, they formed one...
ESG Raises Questions Over LNG Transfer
ESG alleged that commercial interests were prioritized in the recent LNG ship to ship transfer.
The STS occurred in Gibraltar waters last week...
Dip in Output Doesn’t Dampen Sour Crude And Heavy Products Opportunities
According to an article published in Platts, all eyes are on oil prices after the attacks on Saudi Arabia's oil facilities over the weekend.
A...
Freight Rates Likely To Double With Zero-carbon Transition
International Chamber of Shipping conference was told that freight rates are likely to double during the transition to greener, zero-carbon marine fuels, says an...
Singapore 380-centistoke HSFO Cash Premium Hits New Record
According to a Reuters report, Asia’s cash premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) cargoes surged to a fresh record on Friday.
Cash premium...