IMO 2020 to cause one-off oil demand surge before market adjusts: OPEC
Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while...
Surge in scrubber orders for containerships to meet 2020 sulphur cap
In line with a number of other vessel types there has been a surge in orders for scrubbers for containerships ...
Mixed bunker fuel availability at Malta following surge in premium over benchmark
Supply of bunker fuel at Malta was heard mixed Thursday, amid a year high in the assessment’s premium over...
Soybean cargoes piling up at China’s ports as imports surge
Ships carrying as much as 700,000 tonnes of soybeans are lined up along China’s coast waiting to discharge,...
Coking Coal Posts Record Surge to Near $300 on Australian Curbs
The largest disruption to Australian metallurgical coal exports in six years has caused a record surge in spot prices after flooding from cyclone Debbie swamped rail tracks and cut deliveries to ports.
Surge in Shipping Risk Coverage Widens NordLB’s Loss
As a result of a huge increase in the risk provisioning for ship financing, German shipping bank Norddeutsche Landesbank (Nord/LB) closed the financial year 2016 with a loss of EUR 1.9 billion (USD 2.02 billion).
US oil export surge steals more OPEC share
As OPEC tries to keep oil off the world market, U.S. oil producers are pouring more onto it.