Alaska-Bound Cruise Ship Loses Power at Sea!
According to an article published in the News Week, the U.S. Coast Guard intervened after a cruise ship bound for Alaska lost power shortly after leaving Seattle.
What happened?
On 19 July, a tug guard escorted...
IMO’s Bunker Oil Norms Influences GRM
Reliance Industries has reported a plunge in the June quarter refining margins, guided towards a stable scenario, implying the dependence on new bunker oil norms.
IMO to enforce a new 0.5 percent global...
A Comprehensive Analysis of Marathon’s Business for IMO 2020
The first signs of IMO 2020 are affecting the oil market leading MPC to invested in complex refineries.
High sulfur residual fuel estimated to become nearly worthless as the transition of marine fuels to...
Why Persistent Criticisms of Scrubbers Are Wrong?
Continued use of HSFO with exhaust gas cleaning systems has repeatedly been confirmed as an important part of the IMO’s policymaking arsenal.
Scrubber opponents’ argue that installing a scrubber relies on a persistently...
Monthly Panamax Technical Report
Technically the index remains in a trending environment with resistance starting at USD 17,588.
The RSI is overbought at 90, however again this is expected when markets enter long term trend. Pullbacks...
International Maritime Organization Standards Puts a Hike in Diesel Prices
International Maritime Organization (IMO) 2020 standard states that marine fuels containing no more than 0.5% sulfur by weight are to be used to power ocean-going vessels and for ships without exhaust scrubbers, resulting...
Weekly Bulk Report – Week 29, 2019
The Baltic Briefing has released a report about the dry bulk market of the 29th week of shipping activities of this year. The report dated 19th July highlights the plight of the dry bulk...
“TOYOTA MARU No.10” Operated by “K” LINE Awarded “Ship Heritage” Recognition
TOYOTA MARU No.10 has been selected by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) through their “Ship Heritage” project in recognition of it having been Japan's first Pure Car Carrier...
Oil Spikes After API Reports Largest Crude Inventory Draw of the Year
Crude oil inventory draw 10.961 million barrels for the week ending July 18, compared to expectations of smaller but significant 4.011-million barrel draw.
The inventory draw this week compares to last week’s small...
Middle East Tension Continues To Drive Oil Price Sentiment
According to a Freight Investor Services article, crude saw a late drop in prices last night after the U.S. Secretary of State dropped some concessionary words hinting that progress was being made with Iran...