Petrobras Hints Fuel Viscosity Change at Rio

  Petrobras to test marine fuel at its refinery Duque de Caxias ahead of IMO 2020, reports Ship&Bunker. Test runs Brazilian bunker supplier Petrobras said it will be running tests at its refinery, Refinerie Duque de Caxias....

Major Vessel Owners Reposition Fleets for Scrubber Installation

There has been a significant switch in trading basins as companies bring dry dockings forward to equip their vessels with scrubbers, reports Riviera Maritime Media. Eagle Bulk Shipping  earnings report Public shipping company Eagle Bulk Shipping...

Scrubbers Uptake To Continue?

According to a Ship&Bunker article, IHSMarkit sees the uptake of scrubbers continuing, which will support the ongoing use of HSFO in the post-2020 market. Scrubber uptake  Last year's mega-rush of scrubber orders may be over. But...

Weekly Bulk Report – Week 37, 2019

The Baltic Briefing has issued its latest dry bulk market report. The report dated 13th September 2019 deals with the market scenario of capesize vessels, panamax, supramax, ultramax and other vessels for the 37th...

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 emissions, whilst having a positive impact on time-charter-equivalent earnings for...

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 new rules governing shipping fuel that start next year, as...

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 spotted lanternfly poses a high risk to crops in 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 recently signed an agreement licensing the use of the Argus...

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 officially announced on June 14, 2019. This initiated a formal...

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 company, with one global salesforce, customer service team and delivery...