Britt Russell-Webster, Tom Washington and Paul Hickin
Editors, oil and bunkers 
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October 23, 2020 09:58 UTC 
(0)
The glut in low sulfur fuels has been a double-edged sword for the shipping industry. It muted the impact of availability and compatibility concerns at the cost of lower prices, which have mirrored the wider crude market since May. Demand for very low sulfur fuel oil is set to recover slowly in line with increasing confidence in the industry’s new fuel of choice, according to some experts. |
Surabhi Sahu
Senior editor, petroleum news 
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July 28, 2020 09:51 UTC
(1)
Shipping companies in Asia and around the globe are steaming ahead with efforts to minimize their carbon footprint as the urgency to decarbonize intensifies after a fairly smooth transition to the International Maritime Organization’s low-sulfur mandate for marine fuels. The IMO in April 2018 laid out its strategy to reduce the shipping industry’s total greenhouse gas emissions in 2050 by at least 50% from 2008 levels, and to reduce CO2 emissions per transport work by at least 40% by 2030. |
Claudia Carpenter
Editor, Gulf commodities news
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March 26, 2020 10:56 UTC
(0)
Cem Saral, CEO of bunker reseller Cockett Marine Oil, talked with Claudia Carpenter about how shipping has adapted to the International Maritime Organization (IMO) 0.5% limit on sulfur in marine fuel effective January 2020, and what comes next. Cockett Marine Oil, owned by Swiss trader Vitol and South African holding company Grindrod, resold an estimated 5.5 million tons of marine fuel in 2019, versus 6.5 million tons in 2018. Saral was named Cockett CEO in September 2016, after working for Vitol and Chemoil. Cockett handles roughly 18,000 deliveries to customers annually in every single line of shipping. The company has about 185 employees, with about 60 of them in Dubai, the operating headquarters. |
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S&P Global Platts
News editors
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November 25, 2019 05:43 UTC
(1)
In this week’s pick of energy and commodity charts, Asian jet fuel suppliers feel the pinch from Hong Kong’s weak demand as protests in the city persist. Plus: Fujairah stocks and IMO 2020, global gas exporters meet in Equatorial Guinea, and more. |
Jonty Rushforth
Senior director, price group
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September 9, 2019 03:30 UTC
(0)
The International Maritime Organization’s decision to cap the sulfur level of global marine fuels on January 1, 2020 has been the dominant story in the oil markets for the last two years. Among the many questions raised by the imminent 0.5% cap on sulfur in marine fuels, some crude oil market participants are now asking what the implications could be for the Forties de-escalator, the key sulfur value adjustment mechanism that lies at the heart of the North Sea’s Brent crude complex. |
Sebastian Lewis
Content Director, China
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July 29, 2019 09:14 UTC
(6)
China’s ports handle nearly a third of global container traffic and it has the largest merchant fleet in the world in terms of the number of ships owned. But given the size of its fleet and the number of ships that pass through its ports, China plays a surprisingly small role in bonded bunkering – the provision of fuel sold tax-free to ships travelling between countries across international waters. |
Jack Jordan
Editorial Lead, Bunker News
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July 24, 2019 12:21 UTC
(4)
As the International Maritime Organization enters a phase of curbing shipping industry emissions more robustly, the search is on for cleaner alternatives to high sulfur fuel oil to power marine freight worldwide. The drop in the IMO’s global sulfur limit for shipping from next year is just the beginning, and is expected to drive the majority of shipowners into using new 0.5% sulfur fuel blends when it comes into force. Most have a plan in place to get past the immediate problem of reducing their sulfur emissions next year, but few have fully engaged with the IMO’s longer-term target of halving greenhouse gas output. |
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S&P Global Platts
News editors
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July 15, 2019 09:26 UTC
(2)
S&P Global Platts editors’ pick of unfolding commodities trends. This week, bunker values at Fujairah plunge, mine overcapacity puts pressure on key battery metal lithium, and US LNG exporters face tight margins over the summer. Plus Chinese refiners’ growing taste for Saudi crude, EU CO2 prices and gas and coal profitability. |
Eleni Pittalis
Associate Editor
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September 12, 2018 06:00 UTC
(5)
The International Maritime Organization’s 2020 global 0.5% marine sulfur cap is an act of stewardship to protect the planet and human health for generations to come, but the supply and demand imbalances created by the cap encapsulate the law of unintended consequences. The new sulfur cap is expected to displace around 3 million b/d of high sulfur fuel oil, according to S&P Global Platts Analytics. While the 2020 sulfur cap will endeavor to protect the marine environment and human health in an act of stewardship, the excess cheap high sulfur fuel oil sidelined from the bunker industry could prove attractive to nations trying to save on costs for power generation, such as Pakistan, Bangladesh and other East Asian countries. |
Surabhi Sahu and Sambit Mohanty
Editors
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September 10, 2018 04:01 UTC
(4)
From Cosco in China to Posco in South Korea, Asian companies are pouring in millions of dollars to upgrade their shipping fleets as the International Maritime Organization’s deadline for cleaner bunker fuels inches closer. With less than 16 months remaining, the global shipping industry is setting aside about $60 billion to obtain the right infrastructure in order to embrace cleaner shipping fuel. |
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