IMO 2020

There has not been a reaction in the diesel market yet because of IMO 2020, but the analytics team at S&P Global Platts doesn't think the transition has played out. In leading a media briefing this week to lay out its forecast on key oil trends next year, Platts' global director of analytics...

The impact of IMO 2020 — the requirement promulgated by the International Maritime Organization (IMO) that ships begin using lower-sulfur fuel on Jan. 1 or equip their ships with scrubbers to remove sulfur from engine exhaust — may be less disruptive than was feared, according to the chairman of...

There's no one else in the ocean shipping industry quite like Robert Bugbee, the president of three U.S.-listed companies with a combined market capitalization of $2.6 billion — Scorpio Tankers (NYSE: STNG), Scorpio Bulkers (NYSE: SALT) and Hermitage Offshore (NYSE: PSV). As former president of...

We are now less than a month away from the implementation of new shipping regulations that will have an impact on the price of every single item that is shipped by sea. These standards are part of a long-planned effort to curb pollution caused by the global shipping industry. But it is not CO2...

Rarely have container shipping lines played for such high stakes as they are right now. Not only are they attempting to pass on higher IMO 2020 low sulfur fuel bills, they are also in the final stages of agreeing to Asia-Europe annual contracts for next year. Their success in negotiating both with...

With just weeks remaining before the IMO 2020 low-sulfur fuel requirement goes into effect, domestic- and foreign-based shipowners trading in the United States are concerned that lax enforcement could leave them at a disadvantage with competitors around the world. On Jan. 1, the cap on the amount...

On Jan. 1, 2020, new emissions standards from the International Maritime Organization (IMO), designed to curb emissions produced by maritime shipping, will go into effect. The new standards will further limit the acceptable levels of sulfur in ship fuel. The standards are likely to have a profound...

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, at least on an obvious level in regard to the price of diesel.  Beginning January 1, 2020, the worldwide regulation known as...

An International Maritime Organization (IMO) member country delegate said a study presented this week revealed engine power limitation (EPL) of 10% to 30% would result in zero or negligible CO2 reduction.  The IMO met Nov. 11-15 at its headquarters in London, discussed carbon-reduction strategies...

The anticipated surge in over-the-road diesel prices because of IMO 2020 has not occurred. But that doesn't mean that there aren't impacts in other parts of the oil supply chain because of the new rule that goes into effect Jan. 1.  In its wide-ranging monthly report that covers the entire sweep...

The ship charterer Global Ship Lease Inc. (NYSE: GSL) reported higher earnings and revenue for the third quarter of 2019 when compared with the same period last year. GSL also said it is optimistic about its future prospects, pointing to a paucity of orders for new ships — particularly for smaller...

It's officially crunch time — the IMO 2020 rule comes into force in less than two months. Yet even today, no one actually knows what mix of fuel the world's shipping industry will consume. The ultimate mix will affect the cost of ocean transport, the demand for different types of tankers, the...

The impact of IMO 2020 on oil markets is going to be less than projected, at least according to a newly published forecast by OPEC. The cartel, in its voluminous World Oil Outlook report, said it has seen several shifts in oil markets that have led it to believe the transition to lower-sulfur...

What will the daily savings be for a ship that has a scrubber installed, given the fuel spread on any particular day? That potentially multi-million-dollar question just got a lot easier to answer. The IMO 2020 regulation, which goes into effect Jan. 1, will require all ships not equipped with...

American oil production is expected to grow 7.2% next year to 13.2 million barrels per day; pipeline takeaway capacity from the Permian Basin will grow 2.4 million barrels/day, threatening crude by rail; and oil majors are already enjoying widening refining margins in anticipation of IMO 2020....