Oil Market Awaits Impact of Barry on Stocks
According to an article published in Freight Investor Services, the front end crude spreads and crack is getting slammed in the fuel oil markets after reaching ridiculous highs at the end of last week.
Increase...
Ship’s Crew Detained in Port of Leith Due To ‘Shortage of Food’!
According to an article published in BBC, a Russian ship was detained in Leith over unpaid wages and safety issues has had fresh food delivered by a charity.
What happened?
The Maritime and Coastguard Agency (MCA)...
Product Tankers Ready To Ship Re-engineered Marine Fuel
ExxonMobil has introduced EMF.5, its range of engineered marine fuels developed ahead of IMO’s global 0.50% sulphur cap.
ExxonMobil's fuels are specifically engineered to help vessel operators comply with the 2020 regulations without...
Asia Refiners Venture into Export of IMO Compliant Fuel
Taiwan and South Korean refiners are venturing into newer markets to export low-sulphur ship fuel.
Refiners have redirected low-sulphur feedstocks for making VLSFO, with 0.5% or less sulphur content due to less demand for gasoline.
Fuel...
[Watch] How Important It Is To Monitor Fuel Spend?
Fuel costs are a critical component of overall transportation expense and with the new IMO 2020 Sulphur fuel regulations it's set to change drastically. Matt Balzola, Vice president of go...
Maersk Raises Shipping Charge in the Gulf by 42$
In a major development, A.P. Moller-Maersk has announced that they are increasing the prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area, reports...
No ‘Silver Bullet’ in Achieving Environment Goals: CIMAC
With the theme, “Meeting the Future of Combustion Engines” the CIMAC World Congress took place in Vancouver, Canada, earlier this last month demonstrating the triennial event’s unique facility for bringing together the large engine...
[Answer] How To Rehabilitate Old Oil SuperTankers?
As you read this, around 10,420 giants are heaving their way across the world’s oceans. Their enormous metal bodies lumber onwards in spite of inclement weather and rough seas. So, as much as we...
Helm Celebrates 20th Anniversary With Record Milestone
Leading marine operations software company Helm Operations has announced that it has surpassed the 4000 vessel mark on its industry-leading maritime asset management and operations platform, Helm CONNECT, says a press release published on...
Capesize Gains Trickle Down To Other Segments
Capesize market gains spread into other segments, leading the Baltic Dry Index to reach its highest level since January 2014.
The gains in the capesize market, which has the BDI at 40%, have...