Posts tagged ‘fuel oil’

Jack Jordan and Paul Hickin
Editors, EMEA

Shippers, refiners at odds over IMO fuel quality

April 1, 2019 08:53 UTC

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Fuel quality is the great unknown for the shipping and oil refining industry. The International Maritime Organization’s (IMO) January 2020 deadline could see the majority of vessel owners switching to cleaner marine fuels incompatible with each other. Other solutions look similarly haphazard.

The IMO’s global sulfur limit for marine fuels drops to 0.5% next January from 3.5%, and the industry is developing a wide range of very low sulfur fuel oils, which may be compliant but also vary in other qualities.

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fuel oil, IMO 2020, oil, shipping

Arthur Richier

IMO 2020 could hold silver lining for clean tanker market

March 4, 2019 06:34 UTC

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The shipping industry faces a hike in costs and operational headaches as a result of IMO 2020 regulations that will cap the sulfur content of marine fuels. At the same time, new streams of product demand will be created, potentially benefiting some shipowners.

The International Maritime Organization’s agreed limit of 0.5% sulfur content for marine fuel will come into effect next January 1 and its ramifications will span the shipping, bunkering, petroleum products and petrochemicals markets.

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clean tankers, fuel oil, gasoil, IMO 2020, shipping

Barbara Troner and Marieke Alsguth
Editors, Americas tanker markets

Scrubbers under scrutiny by maritime industry as IMO 2020 nears

December 12, 2018 11:31 UTC

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Looming 2020 regulations capping marine fuel sulfur at 0.5% have so far benefited manufacturers marketing scrubbers – or exhaust gas cleaning systems, as they are more formally known – but this solution is now being viewed with a more critical eye.

At the 12^th annual MARE Forum on November 27 in Houston, one of the biggest topics debated by the maritime and shipping market delegates in attendance was the role of scrubbers, which have enjoyed increasing popularity with shipowners in 2018, in meeting the tightening environmental rules.

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bunker fuel, fuel oil, IMO 2020, shipping

Andreas Hilides
Maritime Analyst

The great scrubber conundrum

June 19, 2018 14:00 UTC

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It’s been six months since my last 2020 dispatch. Since then, I’ve spent time at major industry gatherings in London (IP week) and Athens (Posidonia) and yet I’m just as uncertain about 2020 as I was then. My only comfort is that judging by my numerous conversations at Posidonia, I’m far from alone.

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bunker fuel, bunkering, dry bulk, dry freight, fuel oil, IMO 2020, International Maritime Organization, marine fuel, maritime, shipping

Andreas Hilides
Maritime Analyst

20/20 on 2020? Looking to the future for shipping

December 7, 2017 12:00 UTC

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2020: a term that implies clarity of vision. And the 6^th Annual Platts Mediterranean Bunker Fuel Conference held in Athens last week certainly featured numerous speakers seeming to claim 20/20 vision on 2020. Yet by the end of the conference I found my own vision to be distinctly blurry.

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bunker, bunker fuel, bunkering, emissions, fuel oil, marine fuel, marine gasoil, shippers, shipping, sulfur

Joseph Innace
Platts metals content director, Americas

Energy commodity prices start to pick up late in Trump’s first year: Of Presidents and Prices

December 6, 2017 05:01 UTC

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For the first time since Donald Trump was inaugurated president, more of the benchmark commodity prices tracked by S&P Global Platts since he took office are now slightly higher than when President Obama left. Until November, most prices had struggled to see their averages match — or surpass — the levels on the last day Obama held the office.

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agriculture, aluminum, coal, crude, crude oil, dated Brent, ethanol, fuel oil, gas, gasoline, gold, iron ore, jet fuel, markets, metals, natural gas, Obama, Of Presidents and Prices, oil, prices, steel, Trump, US

Joseph Innace
Platts metals content director, Americas

With Trump’s commodity gestation period done, most prices still soft: Of Presidents and Prices

November 8, 2017 05:01 UTC

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It has been a little more than nine months since President Donald Trump took office, and although most hard commodity prices are lower than the day he was sworn in, there are signs of life.

For the first time since July 2, 2015, the price of Dated Brent — driven by strong demand — topped $60/b in late October, pushing its running average during the Trump presidency to $52.28/b. That’s still below the price of Dated Brent the day before Trump took the oath of office — $53.31/b on January 19 — and almost 38% below the $83.63/b average during Barack Obama’s two terms.

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Joseph Innace
Platts metals content director, Americas

Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices

October 4, 2017 05:01 UTC

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Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms.

Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. And since Trump took the oath of office on January 20, the monthly price performance of 11 commodities remains well below the average prices during Obama’s tenure — down by an average of 20.6%.

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Joseph Innace
Platts metals content director, Americas

Some commodity prices gained slightly in August but still weaker than January: Of Presidents and Prices

September 8, 2017 05:01 UTC

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Hard commodities saw some slight price gains in August over July, but the average prices for eight of the 11 S&P Global Platts benchmarks tracked since US President Donald Trump took office in January remain weaker than President Barack Obama’s last full day in office.

The monthly prices for oil, jet fuel, natural gas, coal, iron ore, steel and aluminum are down an average of about 5% since Trump became president (January 20) through August 31, 2017.

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Joseph Innace
Platts metals content director, Americas

Key commodity markets ho-hum so far during Trump term: Of Presidents and Prices

August 3, 2017 05:01 UTC

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President Donald Trump is quick to take credit for strong growth in the stock market, tweeting on Monday, July 31: “Highest Stock Market EVER, best economic numbers in years, unemployment lowest in 17 years, wages raising, border secure, S.C. [Supreme Court]: No WH chaos!”

But another important asset class, hard commodities, has been mostly lackluster since he took office.

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Posts tagged ‘fuel oil’

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