FreightWaves oil report: why the oil market didn’t particularly care about the Iranian tanker incident
A report released the same day as the tanker incident shows why it’s hard to envision higher prices.
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A report released the same day as the tanker incident shows why it’s hard to envision higher prices.
An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.
The first news led to a spike that pulled back. But prices were higher as the U.S. trading day began.
European logistics giant could bring its famed, eco-friendly distribution centers to North America as its global expansion continues
UPS will add 6,000 natural gas vehicles over the next three years as part of an agreement with Agility Fuel Solutions, which will supply the natural gas systems and infrastructure. The vehicles will include heavy-duty trucks, terminal tractors and package cars.
New pipelines are proving bad news for truckers, according to this RBN Energy report.
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.
If oil prices are going to start moving in reaction to IMO 2020, the last two weeks may have been the time with the first signs of that occurring. There […]
File this one under the category of “be careful what you wish for.” In a letter to the federal Pipeline and Hazardous Materials Administration (PHMSA) filed as part of a […]
From Oct. 1 new low-sulfur fuel charges are being levied by some container lines with more to follow through Q4. Use of the fuels is not mandatory until January 1, 2020.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead. The Dallas Federal Reserve Board’s quarterly survey of […]
As California tightens trucking emissions, natural gas seen as most viable in market currently.
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%.
But batteries have a better future in more regional hauls.
Getting to Zero Coalition, which includes Maersk Line, calls for “commercially viable zero-emission vessels” to be deployed on deep sea trade by 2030.
The weekly average retail diesel price posted Monday by the Department of Energy (DOE) was in the top 20 biggest one-week increases in the history of the data series – […]
UPS was an early adopter of LNG, now it has its sights set on RNG.
Diesel consumption in California fell in the beginning of 2019, led some to believe that there was a sudden transition to other fuel sources.
Whether its a small renewable diesel plant or a big refinery expansion, growth is ongoing.
California moved as expected Friday, Sept. 20, to sue the Trump administration over stripping its waiver to set tougher emissions standards for passenger cars and light-duty trucks than the federal government.
FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.
After a week in which oil and diesel prices rose and fell like a tanker on a wind-whipped ocean, FreightWaves Radio will have a wide-ranging discussion about petroleum prices on […]
As the world’s top producer of oil, the United States is more than capable of withstanding the global effects of the Saudi Arabian refinery attack.
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.
Saudi Energy Minister Prince Abdulaziz bin Salman at Tuesday press conference discussing status of country’s oil industry. And just like that, the great Saudi oil crisis of 2019 might be […]
Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more than 14% at the close […]
U.S. Chamber chief Tom Donohue also commented on status of China trade talks, USMCA.
With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks
A market covers its shorts but also ponders the vulnerability of the Saudi oil system.
Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, […]
The drone attacks were a combination of low-tech equipment versus an oil giant, creating more disruption than any time in recent history.
World No. 2 producer shuts in half of production due to overnight attacks.
A refinery in the Caribbean that was closed in 2012 is springing back to life, and it has a role in IMO 2020 compliance.
Higher transport costs are a price worth paying to cut carbon emissions, says a U.K. government energy czar. Ship owners beg to differ.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.
Markets for diesel are trending where theyve been for the last year.
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.
Since 2016, Air BP has been reducing carbon emissions through its BP Biojet.
Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?
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
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.
U.S. crude output, according to one estimate, is now at 12.5 million barrels per day.
The engine displacement in Class 8 commercial tractors is expected to drop in coming years as stricter federal emissions standards take effect in the next decade.
There are more shortages of gasoline but diesel has some problems also.
Last-mile movement is one of the least energy-efficient operations within supply chains, and efforts need to be taken to consciously reduce energy expended in that stretch.
Partially synthetic lower viscosity 10W-30 and 5W-30 oils are supplanting the industry standard 15W-40 heavy-duty oil. The new formulas cost more but can bring up to 2 percent better fuel economy with longer intervals between changes.
But good news for the trucking sector: the assets stick around and activity continues
The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders fund electric vehicles and Aussie trailer maker reveals a shocker set of financial results.
Most forecasts have been conservative, but not this one.
A lot of new pipeline capacity is kicking in and the need for trains is going to be greatly reduced.
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
Prices may have turned higher Friday but there isnt a lot of things going on that point that way in the market.
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
EIV Capital, a Houston firm that invests in energy businesses, recently helped raise $75 million in funding that will research turning dairy cattle’s recycled cow manure into usable, clean energy […]
Whether the shale boom can keep going has recently been called into question.
Get ready for the goodies coming from federal transport spending legislation. Money for inland waterway network will be funds well spent.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
The rise and fall of interest in natural gas trucks typically depends on the price of oil. Now, the availability of clean energy credits in California and tougher NOx rules expected from the California Air Resources Board are additional reasons for purchase.
As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.
IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.
Matching tractors to trailers could improve efficiency and lower costs for trucking fleets is among the concepts that vehicle engineers continue to chase, but the North American freight system might not be able to benefit from these advancements.
Idle-reduction technology is still not being used by all fleets, despite laws and clear benefits of such systems.
One market’s strength is actually good news for truckers, who would benefit from the construction of lots of scrubbers.
Are predictions of ever-rising U.S. demand whistling past a possible debt crisis?
Sudden surge in marine fuel costs could spur shippers to consider switch to California over Panama Canal route.
Electric vehicle charge points will now be installed in every newly constructed residential and non-residential building as part of a larger plan to expedite EV adoption in the U.K.
Diesel prices jumped in the Midwest this month due to a significant tax increase. Small carriers will have to adjust to keep costs down and maintain business.
Three reports issued this past week all with the same conclusion: there will be a lot of excess oil in the world next year.
At least 250,000 barrels a day of crude immediately affected by Tropical Storm Barry
A British warship escorted a tanker through the Mideast Gulf yesterday after Iranian naval forces threatened to seize it, the latest incident rattling one of the busiest maritime trade lanes. […]
Every installed scrubber will be one less ship competing with existing buyers of diesel in the post-IMO2020 world.
Dry bulk transport is about to get more expensive thanks to new marine fuel regulations.
FreightWaves’ Freight Intel Group has released a new study of the impact of IMO 2020 on the U.S. trucking industries (and other industries). Read what may happen to diesel fuel prices.
There’s already a lot of hand wringing about the outcome of the latest OPEC meeting. But the group has stepped aside for virtually the oil market’s growth in the last 10 years.
With IMO2020 just around the corner, FreightWaves Radio this weekend takes a look at how it might impact fuel markets. J. Scott Susich, the director of data analytics and advisory […]
Many states went up by an automatic inflation adjusment. Illinois and Ohio were the only ones which chose big jumps.
Singapore, one of the world’s biggest centers for the supply of marine fuels, is now enforcing the mandatory use of mass flow metering system for the delivery of distillate fuels. The new mandate went into force as of July 1, 2019.
Also in the oil report: the closure of an East Coast refinery is not good news for IMO2020 preparation
Research by Clarksons confirms acceleration of scrubber installations, reducing available ship capacity.
The U.S. is too small a player in the bunker market to matter, and it will be largely isolated if it steps away from the pact.
Market expert writes about the latest tensions in the Mideast and how that might impact air and sea cargo, as well as supply chains.
There are an enormous number of price relationships that will ultimately determine the supply and demand of fuels compliant with IMO2020.
A spectacular blast lifts prices, but does it have staying power?
Maersk (Nasdaq OMX: MAER) will find out how much customers are willing to spend on its ambitious environmental agenda with a carbon-neutral container service. The world’s biggest shipping line is […]
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
There are enough molecules and enough preparation to get the maritime industry through the IMO2020 switchover. But how will trucking be impacted?
Suppliers, traders and ship operators will need to increase credit lines and be more diligent about counterparty risk.
Ten regional haul fleets will participate in NACFE’s Run on Less Regional challenge to measure fuel efficiency and other metrics in real-world operation.
The balance among the fuels needed to be in compiant with the new rule will have a knock-on effect down to the price at the pump.
Workhorse Group secured $25M in funding to help finalize development of its NGEN electric delivery vehicle.
The structure of the Brent market says tightness, but the inventory numbers in the U.S. beg to differ
Your weekly fuel report has arrived.
There may be so little demand post-2020 for high-sulfur fuel oil that it may end up stored aboard tankers.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead. A recent report by Moody’s on the health […]