Oil Market Dislocations Reduce US Refiner IMO 2020 Benefit
Canadian exploration and production (E&P) companies are benefiting from light-heavy crude spreads.
Surplus FCF associated with the IMO 2020 tailwind is earmarked for share buybacks which can be quickly dialed back when required.
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More Ships Slow Down Off California to Avoid Killing Whales
Experts say four of the 10 gray whales found dead near San Francisco in 2019 were killed by ships.
Due to the absence of speed limits at sea vessels can zip along as...
Värde and Landbridge Inks VLCC Sale and Lease Back Deal
Global alternative investment firm Värde Partners and Landbridge VLCC International, has announced a sale and lease back transaction of a very large crude carrier (VLCC), says an article published in Deal street Asia.
What is...
GasLog Lays Keel for Its New LNG Carrier at SHI Shipyard
Gaslog held a keel laying ceremony for its LNG carrier currently under construction at SHI shipyard, says an article published in LNG World News.
Keel laying ceremony
Monaco-based LNG shipper GasLog announced that it has held...
PBF Emerges as NYH’s Top 2020 Bunker Supplier
Maersk to procure 1.25mn t compliant fuel per year from PBF an independent refiner in the US.
EIA showed residual fuel oil bunker sales on the US Atlantic, declined to 1.84mn t...
Riding on the Tanker Market Benefits TORM Extends Its Scrubber Commitment
According to a report published in the Shipping Herald, the Executive Director of TORM, Jacob Meldgaard has said that TORM’s results in the first quarter reflect the Company’s strong operating performance in a product...
Maersk Product Tankers Completed Sale and Leaseback Agreement
In a major development, Maersk Product Tankers has announced that they have entered into a sale and leaseback agreement with ICBC Financial Leasing Co., Ltd. for four of their MR vessels built in 2015...
Lack Of Safety Procedures While Climbing Up A Cargo Caused Grave Injury
Cargo vessel operations can be tricky and should be done with utmost care. As a minor slip can cause severe healthcare problems as we see in this situation where faulty cargo operations in the...
So Long Sulphur Emissions: Navigating the New IMO Regulations
In January 2020 the shipping industry, and those supplying its fuel, face one of the biggest challenges in decades. How is the sector preparing for the next adaptation of the MARPOL Convention, says a...
IMO Partners With Norway for a New GHG Emission Strategy
IMO announced a Norway funded greenhouse gas emission strategy.
The Green Voyage 2050 is a strategy to counter emissions by providing technical solutions and global coordination in exchanging knowledge and information.
The $1.1 million...