Weaker Scrubber Demand Takes Shine Off Alfa Laval’s Results

STOCKHOLM, July 17 (Reuters) - Sweden's Alfa Laval reported a fall in quarterly orders on Wednesday on weaker-than-expected demand for ship exhaust cleaners and pumping systems, sending its shares sharply lower. Demand for so-called scrubbers which strip out sulphur from marine fuel has boosted the engineering group as well as Wartsila in the past few years as shipowners … [Read more...]

How Great Shifts in Oil Market Calmed 2020 Ship Fuel Panic

By Jack Wittels - (Bloomberg) --As recently as a year ago, the oil market was in a panic about changes to the kind of fuel that ships must burn. A senior executive called the switch the biggest change to the oil industry ever. Traders were anticipating a bonanza. The shipping industry was warning about potential accidents. Volatility in air-fuel, trucking and other costs … [Read more...]

Asia Refiners Test the Waters with Exports of IMO 2020-Compliant Fuel

By Jane Chung and Florence Tan SEOUL/SINGAPORE, July 16 (Reuters) - Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulphur ship fuel starting next year, exporting some cargoes of very low-sulphur fuel oil (VLSFO) this month. Oil market participants are uncertain what kind of fuel product shipping companies will use to meet … [Read more...]

Hedge Funds Chart Course Through ‘IMO 2020’ Storm

By Jonathan Saul, Maiya Keidan and Tom Arnold LONDON, July 8 (Reuters) - Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from ocean-going vessels. Ever since the International Maritime Organization said the maximum sulfur content in … [Read more...]

First Signs of IMO 2020 Starting to Rock the Oil Market

(Bloomberg) --They may still be six months away, but new rules on marine fuels are already sending shock-waves through the little-known world of refinery feedstocks. The price of these low-sulfur, heavier oils -- that refineries make and then reprocess into transport fuels like gasoline and diesel -- has jumped in Europe in recent weeks because the shipping industry is … [Read more...]