Marine fuel rules have become a key factor in diesel prices, but a new set of regulations may actually push downward on the market.
Oil prices fell hard on Friday, but longer term, a key oil forecasting agency sees structural issues that are boosting diesel prices.
At a key supply chain forum, executives from FourKites sit down and talk about visibility and the need to meet increasing customer demands.
Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
Plenty of distillate molecules to go around plus no collapse in high sulfur reversed all conventional wisdom, Morningstar says
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.
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.
An exclusive interview with Matt Heider, CEO of voyage-optimization platform Nautilus Labs.
Liners confront higher ship-lease rates at the very time fuel prices are spiking.
Trans-Pacific container volumes face escalating coronavirus risk.
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.
Is IMO 2020 fallout for dry bulk shipping a warning sign for container sector?
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.
IMO2020 is an environmental rule effective January 1, 2020 that regulates how much sulfur a ship can give out in its exhaust.
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.
Index data appears to show that IMO 2020 fuel costs are being passed along to box shippers.
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.
Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.
Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.
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 were enough movements in the market – except for the overall outright price – that could at least lead market observers to speculate that something […]
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.
According to an MSI analyst, a key mainline container trade hardly bumped this summer – and the forward outlook for carriers is less than upbeat.
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.”
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.
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.
The new IMO regulation reducing ships’ sulfur oxide emissions aims to improve the health of the environment and human population, especially near coasts and ports. This also means increased costs and a shift in strategies for maritime shippers. A panel at the Edge 2019 conference will explore these regulations and their predicted effect on logistics.
Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.
As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.
One market’s strength is actually good news for truckers, who would benefit from the construction of lots of scrubbers.
Sudden surge in marine fuel costs could spur shippers to consider switch to California over Panama Canal route.
An exclusive interview with John Kartsonas, the developer of the BDRY exchange-traded fund that tracks bulker rates.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
Dry bulk transport is about to get more expensive thanks to new marine fuel regulations.
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.
Emily Szink sits down with FreightWaves CEO Craig Fuller and Oil Expert John Kingston to discuss IMO 2020 and its effects on not only the global ocean shipping industry, but on the trucking industry as well.
Is a recovery near for VLCC crude tanker spot rates? Not yet, warns an an analyst at VesselsValue.
The consensus at a panel in Houston is that marine gasoil will be the first fuel to get a big boost in demand as IMO2020 approaches. That’s not good news if you’re a diesel buyer.
Problems with some U.S. crude oil exports, more concerns for the IMO2020 switch, and the lessening impact of Donald Trump’s oil tweets.
Stepping into the system is expected by this economist to be Donald Trump, using emergency powers to halt exports of diesel fuel
The IEA came out with some detailed numbers on what the impact of IMO2020 will be on diesel demand. But its estimate of non-compliance is a lot more than that of a panelist at CERAWeek.
International oil major BP has announced that it will retail a new very low sulfur fuel oil following successful sea trials, however, it has not released a date when sales will begin. The fuel will have a maximum sulfur content of 0.5 percent and will be sold by BP around the world. BP is one of several refiners, such as Shell and Sinopec, that are offering or are researching low-sulfur fuel.
Biggest trade lane into North America saw price surge last year that may not ease up much as double-digit increases seen in rates for 2019.
Also this week: another hint at what IMO2020 might do to prices; more signs that the OPEC cuts are real and are taking hold.
Stockpiles in the country are building up. Also: more hints on the price of fuel in a post IMO2020 market; Russia’s lack of assistance to OPEC
The EIA becomes one of the first major forecasters to put a price per gallon estimate on what is going to happen to diesel prices when the new rule kicks in.
Also in the pickup: better tools for sleep apnea instruments in sleeper berths; does Buffet care about BNSF’ OR?
Will the combination of oil prices, refinery cracks and scrubber economics result in easing of fears of tight supplies? Two reports chime in.
Trump government looks to phase out IMO2020 sulfur cap regulations; Shanghai Composite Index crashes by 3%; Amazon revisting cities for finalizing HQ2.
Oil Major Shell has announced upcoming availability its newly developed Very Low Sulphur Fuel Oil (VLSFO) ahead of the IMO 2020 – 0.50% global sulphur limit for marine fuels. FreightWaves has the charts.
The scenario laid out by a leading energy economist is that the market needs a way to soften the blow of higher oil prices that would be spurred by the new environment rule.
A significant increase in the use of scrubbers would have an impact on the amount of middle distillates that the shipping sector needs to consume under IMO2020 rules.
The monthly numbers of ACT and FTR on class 8 builds set new records; a Goldman Sachs report tries to measure the number of scrubbers that will be used for meeting IMO2020 standards.
Maersk is taking notice of the coming regulation that will impact the quality of the fuel burned on ships, and has the potential to kick back into the diesel fuel market. Also: an underride decision, a revealing quote out of China.
