Recent News

ExxonMobil sees marine fuel expansion in light of IMO’s 2020 deadline


As the world is preparing for IMO's 2020 sulphur cap fuel regulation, oil major ExxonMobil’s marine fuels outfit is innovating to be at the forefront of the emerging low sulphur market, as Forbes reports. The oil major sees the sulphur regulations as an opportunity and not as an operational problem.

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IMO 2020 Full Sail Ahead: Incoming Waves for Refiners, Shipowners


As of January 1, 2020, the International Maritime Organization (IMO) will begin enforcing a new regulation that caps the allowable sulfur content of all marine fuels from its current level of 3.5% m/m (mass/mass) to 0.5% m/m. While this new limit will not change the lower limits in existing sulfur Emission Control Areas (ECAs), it will inevitably have wide-ranging implications on oil refiners and the shipping industry, as well as force significant changes in the demands for certain bunker fuels.

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The central place of shipping in the Greek economy


The important place of the shipping industry and its participants in Greece’s overall economic picture as the country struggles to climb out of financial crisis was again evident when financial powerhouse PricewaterhouseCoopers (PwC) recently presented a study on mergers and acquisitions in Greece in 2018.

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Analysis of fuel samples


2018 saw a huge increase in bunker quality disputes, starting around March/April with bunkers stemmed in Houston and gradually spreading to different regions and countries.The purpose of this article is to bring into focus the need for a proper fuel testing and analysis regime to be in place.

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Cosco Shipping’s investment plans for Piraeus port rejected


Cosco Shipping’s ‘honeymoon period’ between it and the Greek state is essentially over, following the rejection by the state of much of Cosco’s investment plan for Piraeus port.

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Port inventories’ nightmare to haunt Capes?


High iron ore inventories at Chinese ports and looming uncertainty in the global economy are threatening the demand for Capesizes. We believe demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports. Even though China’s steel production will rise in 2019, a further drawdown in iron ore inventories could adversely affect the demand for dry bulk vessels.

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