Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Sulfur pollution addressed by IMO 2020 created a health risk, but that pollution had a cooling effect, which has now been reduced.
The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.
It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
Price of low-sulfur fuel is rising faster than high-sulfur fuel. Ships with scrubbers stand to gain.
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
California will boost testing procedures to enforce distillate fuel regulations.
Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
Hapag-Lloyd and ONE have ordered 12 ultra large container ships, all of which will be able to carry more than 23,500 TEUs.
In an interview with FreightWaves, SSI Executive Director Andrew Stephens talks about zero-emission shipping fuel and sustainability challenges.
IMO 2020 and new amendments have the potential to further lower emissions for maritime freight. Carriers are using low-emission fuels, scrubbers and shore-to-ship power.
Another key bellwether — the cost of dry bulk freight — is pointing to an economic recovery.
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
German carrier is cutting costs and counting cash as the economic impact from the pandemic is expected to hit Q2 results.
Bulker rates are rising, but not yet profitable, and market risks abound.
Halt of cruise voyages will slash HFO demand, a positive for cargo ships with scrubbers.
Lois Zabrocky explains how two black swans — the outbreak and oil price war — reshaped the market.
Ship scrubbers no longer equate to big savings on fuel costs. Is this only temporary?
Slashed oil production is bad for tankers, but fallout for container ships hinges on price action.
Ships found carrying noncompliant fuel risk detention, monetary penalties.
Guest columnist Sri Laxmana writes about the impacts of IMO 2020.
An exclusive interview with Matt Heider, CEO of voyage-optimization platform Nautilus Labs.
Diesel costs were supposed to make 2020 more difficult for struggling carriers, but wholesale fuel prices have fallen rapidly, which should help carriers in the slow season.
Economist Noel Perry joins the podcast as a guest this week.
It was conventional wisdom, accepted by all – the price of diesel was going to rise, and IMO 2020 was the cause. One example of many, a report by the […]
Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along…
Head of giant independent refiner not surprised by lack of movement this early in the regulation.
Liners confront higher ship-lease rates at the very time fuel prices are spiking.
Trans-Pacific container volumes face escalating coronavirus risk.
Singapore surge is “trigger” for Maersk to add fuel new surcharge.
Ship owners failing to prove compliance face criminal fines and penalties.
A new book places IMO 2020 in the context of a potential “third revolution” for shipping.
New Platts indices offer bird’s-eye view of rough IMO 2020 transition for dry bulk.
There are plenty of individual interests likely to want enforcement of IMO 2020. But is the market incentivizing noncompliance?
Is IMO 2020 fallout for dry bulk shipping a warning sign for container sector?
The use of drones and other technology will help ports streamline operations, increase safety and vigilance for drugs and pollution.
The high-stakes wild cards to watch in what promises to be a volatile year.
Killing of Iranian general and Iranian retaliation could spark another tanker rate spike.
There were plenty of things that could have sent the market spinning higher, but the range for retail diesel prices was relatively narrow.
Brian Aoaeh writes about the convergence of climate change activitism and the need to modify supply chains going forward.
Ben Thrower writes about what most in the trucking industry know – 2019 was a tough year for almost everyone.
Concerns rise that shipping can’t recoup cost of IMO 2020-compliant fuel.
An exclusive interview with Lois Zabrocky, CEO of tanker owner International Seaways.
New independent research reveals that lines are failing to adequately explain how IMO 2020 fuel bill surcharges are calculated.
Action allows ship owners to buy less expensive marine fuel to meet Jan. 1 regulation.
An exclusive interview with John Hadjipateras, founder and CEO of NYSE-listed Dorian LPG.
A recent report by JPMorgan Chase sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained and hint at a market […]
Shipyards are facing a scrubber stampede as container lines seek to sidestep paying for low-sulfur IMO 2020 bunkers beginning on Jan. 1.
Index data appears to show that IMO 2020 fuel costs are being passed along to box shippers.
There’s still a lot that needs to happen, and Chris Midgley sees that as having potential impact on the diesel market.
U.S. Sen. Lisa Murkowski, says many analysts believe the impacts of IMO 2020 will be less than what was projected just a year ago.
Host John Kingston gives his take on last week’s OPEC meeting, the fact that we haven’t seen IMO 2020 yet in diesel prices and chats up Dave Osiecki about what’s to come in 2020.
With less than a month until the IMO 2020 regulations go into effect, Ben Thrower writes about the impacts about to hit the maritime industry, importers/exporters and consumers.
Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.
Billions of dollars in fuel costs at stake for containership owners.
Will California’s steps against parts of drilling technology cost some drivers their jobs?
Kayla Matthews writes about the changes coming to the shipping and logistics industry as IMO 2020 takes effect in less than six weeks.
Marine Money analyst says 2019 “is on track for the lowest amount raised during a cycle — so low that the total capital market proceeds are less than half of the next lowest total from the last 10 years.”
In a fireside chat at FreightWaves LIVE, Scott Susich, Director of Data for DTN, and FreightWaves’ John Kingston discussed why the fuel market has seen no signs of IMO 2020, […]
There are parts of the oil market reacting to the new rule but it isnt down on the level of the diesel pump.
CEO tells FreightWaves the U.S.-China trade war has transformed the trans-Pacific trade and customers are receptive to paying IMO 2020 bills.
WISTA International members take on IMO 2020, alternative fuels and pollution-reduction enforcement at annual meeting.
Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.
New freight indices provide visibility on potential earnings premiums of scrubber-equipped vessels.
Fiat Chrysler and PSA merge to become a €40 billion automaker; global maritime shipping volumes growth slow; OPEC meeting this December to discuss production cuts.
Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.
Truckers and trucking companies worried about IMO 2020’s impact on diesel prices would have received no comfort from what executives said.
With spot container freight rates continuing to tumble, carriers are forecast to withdraw more capacity ahead of annual contract negotiations with shippers.
The impact of IMO 2020 on diesel prices will be the subject of the lead interview this weekend on FreightWaves Radio. Co-host John Kingston attended the Argus Fuel Oil conference […]
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Diesel is a sideshow at the Argus Media conference but the impact on it is always in the background.
French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.
A boost to demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost to the international dry bulk freight markets, says Hong Kong ship operator Pacific Basin (HKEX: 2343).
European shippers have joined with leading container line analyst Drewry to bring order to the “who pays what” implementation of IMO low-sulfur fuels.
Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.
Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers are poorly placed ahead of annual contract negotiations, says Drewry.
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
U.S. Federal Maritime Commission Chairman Michael Khouri talks with American Shipper about priority container shipping regulatory issues for fiscal year 2020.
Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.
Energy markets appear to believe that capacity constraints will raise diesel prices next year.
Ben Thrower writes about the coming IMO 2020 regulations and its impact on the shipping industry.
U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.
New regulations are expected to affect around 60,000 ships, requiring them to reduce their sulfur emissions by more than 80%.
Whether its a small renewable diesel plant or a big refinery expansion, growth is ongoing.
If not enough 0.5% low sulfur fuel is available after Jan. 1. 2020 ships may resort to using more expensive 0.1% sulfur fuel used today in emission control areas.
MOL continues its foray into experimenting with LNG with an innovative LNG-powered tugboat; meanwhile, MOL’s LNG-bunkering business signs deals around the world.
Data confirms that U.S. importers are increasingly opting to bring Asian cargoes into East Coast ports.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.
Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.
The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant
John Fredriksen’s shipping companies are increasing their exposure to IMO 2020 market effects.
