Scorpio Tankers in fourth quarter turnaround driven by sulfur regulation
The lead-up to the new sulfur regulation was one of the main reasons that Scorpio Tankers delivered significantly improved earnings for the fourth quarter.
Low-sulfur fuel premium approaching normal levels
The price spread between low-sulfur fuel and heavy bunker is normalizing, while previous shortages of the fuel at major bunker ports seem to be under control, writes Sea-Intelligence.
Coronavirus: Chinese owners seek sulphur cap reprieve
China’s shipowners’ association suggests Beijing should halt the IMO sulphur mandate in the country’s waters for a few months in order to reduce the financial burden brought by the spread of coronavirus
SHIP & BUNKER
Trident Alliance Remains Cautious Over Declaring IMO 2020 Mission Accomplished
The Trident Alliance, the industry group set up to lobby for a level playing field in enforcement of marine sulfur limits, is wary of declaring its tasks is completed just yet.
Gazprom Neft Boosts VLSFO Production at Omsk Refinery
Russian oil producer Gazprom Neft has increased its production of very low sulfur fuel oil (VLSFO) with the installation of more pipelines at its Omsk refinery.
Green Bunker Demand Jumps at Rotterdam
Low-sulfur fuel sales rose sharply in Rotterdam in the last quarter leading up to the implementation of International Maritime Organisation (IMO) 0.5pc sulfur cap on 1 January.