maritime
Diesel Fuel Market Stable as IMO Mandate Takes Hold
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One month after the International Maritime Organization’s mandate prohibiting the use of heavily polluting bunker fuel in cargo and cruise ships began, oil industry analysts said the diesel fuel market is stable.
January 28, 2020Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin
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Years of planning and preparation by the ocean shipping, oil and trucking industries are set to pay off as adequate supplies of diesel fuel are expected to be ready now that an International Maritime Organization mandate for the use of lower polluting fuel on ocean vessels is about to take effect.
December 30, 2019Fuel-Trading Routes Revamped as 2020 Dynamics Take Hold
A view of the Persian Gulf from inside Devon, an oil tanker transferring oil to exporting markets. (Ali Mohammadi/Bloomberg)
Shippers have fewer than three weeks until new rules kick in forcing them to burn cleaner fuels, but the regulations are already redefining key trade routes in the global oil-product markets.
December 12, 2019Commodity Shippers Struggle to Obtain 2020-Compliant Fuel
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Ships are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation that takes effect in six weeks’ time, a situation that could ultimately result in vessels having to temporarily halt trading.
November 19, 2019Petroleum Institute Chief Economist Optimistic About Diesel Supply
Shipping containers sit stacked on the Kota Cabar cargo ship arriving at the Port of Oakland in July 2018. (David Paul Morris/Bloomberg)
WASHINGTON — The oil refining industry is ready for an upcoming mandate on the type of fuel to be used by the maritime industry, but shippers are scrambling to get ready as the deadline draws near.
September 24, 2019New Shipping Fuel Rules Are Starting to Rock the Oil Market
The Soro Enshi containership sails from Yangshan Deep Water Port in Shanghai, China, on July 10, 2018. (Qilai Shen/Bloomberg)
They may still be six months away, but new rules on marine fuels are already sending shock waves through the little-known world of refinery feedstocks.
July 3, 2019Diesel Prices May Increase as Cargo Industry Makes 2020 Fuel Switch, Experts Say
A refinery and a pump jack in an oil field near Corpus Christi, Texas. (Eddie Seal/Bloomberg News)
The looming adoption of a mandate that will require maritime vessels to burn cleaner fuel is projected to put upward pressure on diesel prices next year, but transportation experts are more concerned about how the change will affect the supply of diesel fuel for trucks.
April 3, 2019Tolls, Regulations, Bunker Fuel Costs Could Vex Industry
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ATLANTA — Incoming fuel regulations and political gridlock will bring unwelcome expenses and headaches to shipping and trucking companies through next year, according to one policy expert who spoke at SMC3 Jump Start 2019 on Jan. 29.
January 30, 2019New Low-Sulfur Rules for Maritime Fuels Force Fleets to Scramble
The International Maritime Organization announced that shippers and global refiners must reduce sulfur content in marine bunker fuels by January 2020, five years earlier than had been expected.
August 29, 2017CMA CGM Stakeholder Looks to Sell and Buy Ports America
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Yildirim Holding AS is seeking buyers for its stake in the world’s third-biggest container shipper as the family-owned Turkish company presses ahead with a plan to acquire Ports America Holdings Inc., a U.S. maritime-terminal operator.
July 6, 2017