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14 episodes with imo 2020
11 episodes with imo 2020
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3 episodes with imo 2020
2 episodes with imo 2020
2 episodes with imo 2020
2 episodes with imo 2020
3 episodes with imo 2020
The market for low sulfur fuel oils – 0.1% S and 0.5% S – has tightened on the refinery response to COVID-19, while as a result of IMO 2020, lackluster demand for 3.5% S is encouraging shippers to fit scrubbers which could flip fundamentals between the grades in the future. Meanwhile, a recent cold weather spell in Asia drew fuel oil supplies away from Europe, further adding to price volatility to those fuels at the bottom of the barrel. S&P Global Platts fuel oil specialists Stepan Lavrouk, Sarah-Jane Flaws and Britt Russel-Webster discuss the market with Joel Hanley.
Tune in to Nicolas Ganas, Business Development Manager - Marine Fuels, as he talks with KPI OceanConnect CEO, Søren Høll, about IMO 2020, Covid-19 and the impact of the OPEC+ oil price crash.
Fourth quarter 2020 earnings call for Imperial Oil Limited. For further information, please consult the company website at http://www.imperialoil.ca/ Support this podcast at — https://redcircle.com/tsx-quarterly/exclusive-content Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy
Third quarter 2020 earnings call for Imperial Oil Limited. For further information, please consult the company website at http://www.imperialoil.ca/ Support this podcast at — https://redcircle.com/tsx-quarterly/exclusive-content Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy
In this episode, Erlend Engelstad talks with Rajesh Nair from Platts about how supply and demand for fuel oil has changed after IMO regulations came into place in 2020. In particular, they focus on the battle of the benchmarks, and how the futures market for low sulphur fuel oil is picking up steamIf you have any questions relating to this episode or would like to know more about EEX Group’s Global Commodities portfolio, please contact:Erlend EngelstadEmail: eengelstad@eexasia.comRichard HeathEmail: richard.heath@eex.comMichael Mervyn-JonesEmail: michael.mervyn-jones@eex.com See acast.com/privacy for privacy and opt-out information.
Second quarter 2020 earnings call for Imperial Oil Limited. For further information, please consult the company website at http://www.imperialoil.ca/ Support this podcast at — https://redcircle.com/tsx-quarterly/exclusive-content Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy
First quarter 2020 earnings call for Imperial Oil Limited. For further information, please consult the company website at http://www.imperialoil.ca/ Support this podcast at — https://redcircle.com/tsx-quarterly/exclusive-content Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy
Dobrodošli u 7. izdanje "Ajmo da rešimo" podkasta. U ovoj epizodi rešavamo sve velike svetske probleme koji su nastali u 2020. na čelu sa korona virusom. Milo Đukanović, predsednik Srbije, smrt Kobe Bryant-a, prirodne nepogode i tako dalje su isto bile deo diskusije. Pošto predpostavljamo da nas niko neće slušati možete nas podržati preko našeg Patreon naloga. Bukvalno za $1 možete svakog meseca da nas podržite. Nema laži nema prevare. Garantujemo da 100% prihoda će ići u poboljšanje podkasta. Za početak nam je potrebno dosta piva, a mi ga dosta možemo popiti tako da neće biti jeftino. Uz pivo ćemo pametnije pričati i brže misliti. Zato skočite do našeg Patreon naloga i uplatite nam koji dolar. https://www.patreon.com/ajmodaresimo
Light sulfur fuel oil has been the main marine fuel of choice worldwide, but high sulfur fuel oil has held its stead in Asia. S&P Global Platts senior oil experts Surabhi Sahu and Oceana Zhou join Platts Asia Head of News Mriganka Jaipuriyar in examining the demand for HSFO particularly in Singapore, which is the world's largest bunkering port. They also discuss China's fuel demand and outlook, as well as the impact of the coronavirus pandemic on the Asian fuel oil markets.
In this podcast, the ongoing crew change crisis was top of the agenda for International Chamber of Shipping (ICS) chairman Esben Poulsson in his keynote remarks at the opening of the Informa Markets Digital Maritime Week.
This podcast brings together leading experts to review the impact IMO 2020 has had on operations and the marine fuel market since its implementation. It will also explores how dramatic changes in the wider market have impacted decisions made in relation to the introduction of IMO 2020. Throughout the podcast, you will learn about: Fuel availability, fuel quality and compatibility issues Operational factors such as lubricants How different compliance options such as compliant fuels and scrubbers have fared Speakers Include: Ajay K Chaudhry, Executive Director, Fleet Ship Management Pte Ltd Rosita Lau, Partner, Ince & Co. Esben Poulsson, Chairman, International Chamber of Shipping Douglas Raitt, Regional Consultancy Manager, Lloyd's Register Moderator: Marcus Hand, Editor of Seatrade Maritime News
Listen in as Alfonso Berrocal, Business Development - Oil Products, hosts Robert Harvey, Deputy Editor, and Enes Tunagur, Senior Reporter. This podcast summarises the impact of IMO 2020 and Covid-19 on heavy products across the world.
In partnership with Petrospot, LR hosted a two part expert panel debate with industry leading specialists to focus on the issues facing the shipping industry in light of the IMO 2020 regulation.Areas of discussion:Availability of compliant fuelsThe role of ports in the switchoverFuel Oil Non-Availability Reports and the importance of proactive fuel management and training Hosted on Acast. See acast.com/privacy for more information.
In partnership with Petrospot, LR hosted a two part expert panel debate with industry leading specialists to focus on the issues facing the shipping industry in light of the IMO 2020 regulation.Areas of discussion:Availability of compliant fuelsThe role of ports in the switchoverFuel Oil Non-Availability Reports and the importance of proactive fuel management and training Hosted on Acast. See acast.com/privacy for more information.
January's implementation of the 0.5% global cap on marine fuels progressed relatively smoothly as most industry stakeholders had done their homework and were prepared for the transition. But the start of 2020 has not been straightforward.The ferocity of the COVID-19 outbreak and the resulting widespread economic disruption, spreading from east to west, has interrupted supply chains and affected all the main shipping sectors. The months ahead will be testing as businesses grapple with the fallout and inevitable financial challenges.Having passed the IMO2020 regulatory test, what are the key hurdles facing shipowners and other stakeholders reliant on the bunker supply chain? LR and Petrospot get expert views on what to expect in the months ahead. Hosted on Acast. See acast.com/privacy for more information.
S&P Global Platts refined oil products experts Atsuko Kawasaki, Amy Tan, and Rajesh Nair examine the rapidly changing fortunes of the Asian Marine Fuel 0.5% market, which has seen a fundamental shift since International Maritime Organization's mandate to limit sulfur in marine fuels to a maximum of 0.5% kicked off from the start of the year.
A little over a month into the IMO 2020 switch from 3.5% to 0.5% sulfur bunker fuels, the lifting of US sanctions on COSCO-owned tankers and dented crude oil and jet fuel demand due to the coronavirus outbreak had tanker freight take a u-turn and re-open arbitrage flows from the US Gulf Coast. Marieke Alsguth, Barbara Troner and Catherine Wood of the S&P Global Platts shipping team talk about how the first 40 days of IMO 2020 have shaped up for the Americas loading tanker markets.
One month has passed since IMO 2020 came into effect, directing oceangoing vessels to switch from heavy bunker fuel to the cleaner 0.5% very low sulphur fuel oil (VLSFO). Listen to our latest podcast to learn how the Americas shipping industry has reacted to the mandates, including:How the transition period has disrupted the marketAlternative fuel of choice for compliant shippersImpact on the supply/demand of VLSFOScrubber adoptionHost: Tracy Vowel, VP, Business DevelopmentSpeaker: Enes Tunagaur, Senior Reporter, European Oil Products
One month has passed since IMO 2020 came into effect, directing oceangoing vessels to switch from heavy bunker fuel to the cleaner 0.5% very low sulphur fuel oil (VLSFO). Listen to our latest podcast to learn how the Americas shipping industry has reacted to the mandates, including:How the transition period has disrupted the marketAlternative fuel of choice for compliant shippersImpact on the supply/demand of VLSFOScrubber adoptionHost: Tracy Vowel, VP, Business DevelopmentSpeaker: Stefka Wechsler, Editor, Argus Marine Fuels
One month has passed since IMO 2020 came into effect, directing oceangoing vessels to switch from heavy bunker fuel to the cleaner 0.5% very low sulphur fuel oil (VLSFO). Listen to our latest podcast to learn how the Americas shipping industry has reacted to the mandates, including:How the transition period has disrupted the marketAlternative fuel of choice for compliant shippersImpact on the supply/demand of VLSFOScrubber adoptionHost: Tracy Vowel, VP, Business DevelopmentSpeaker: Andrew Khaw, Senior Reporter, Argus Marine Fuels
The price of diesel was supposed to rise because of IMO 2020. It hasn't. What happened? Join Drilling Deep host John Kingston as he talks about why the price impact from IMO 2020 in the diesel market has nowhere near played itself out yet and why the consumers of diesel still need to watch for those movements. We also talk to noted freight economist Noel Perry of Transport Futures and so much more to get his decidedly bearish take on trucking markets. More FreightWaves podcastsApple PodcastsSpotify
The price of diesel was supposed to rise because of IMO 2020. It hasn't. What happened? Join Drilling Deep host John Kingston as he talks about why the price impact from IMO 2020 in the diesel market has nowhere near played itself out yet and why the consumers of diesel still need to watch for those movements. We also talk to noted freight economist Noel Perry of Transport Futures and so much more to get his decidedly bearish take on trucking markets. More FreightWaves podcastsApple PodcastsSpotify
We're one month into the new IMO 2020 sulphur cap and Container Editor George Griffiths and Dry Bulk Editor Sam Eckett look at how the container and dry bulk freight markets are reacting at this time, whilst keeping a fairweather eye on Lunar New Year and the rapid spread of coronavirus which is eating into customer confidence in the freight world.
En esta entrega María Elena Sierra nos habla sobre sobre la nueva reglamentación IMO 2020, una opinion informada sobre los alcances que esto tendrá para las navieras a nivel global. No te pierdas estas interesantes reflexiones, aquí en el podcast de AS Consultores.
En esta entrega María Elena Sierra nos habla sobre sobre la nueva reglamentación IMO 2020, una opinion informada sobre los alcances que esto tendrá para las navieras a nivel global. No te pierdas estas interesantes reflexiones, aquí en el podcast de AS Consultores.
Learn how the Cruise industry successfully transitioned its fleet to meet the new requirements, and importantly, how our community is looking beyond 2020—as demonstrated, in part, by our participation in the R&D fund proposal.
CEO i 2020 Bulkers, Magnus Halvorsen, gjester denne ukens episode av #pengepodden. Mads og Magnus retter fokus mot tørrlast, samt IMO 2020. Du får også høre mer om utbyttepolitikken til selskapet, samt IMO 2030. Agenda: 01:23 - Markedet for tørrlast 21:30 - IMO2020
IMO 2020 regulations are now in effect, with implications stretching to gasoline and diesel prices. Pat Hemsworth, Senior VP at Paragon Global Markets and Denton Cinquegrana, chief oil analyst at OPIS join the Crash Course for IMO 2020 specifics for refiners and IMO 2020 price impacts for the bunker fuel market and beyond.
Remember acid rain and worries about sulfur emissions from your car? Maybe. Maybe not. It was a long time ago that sulfur was regulated out of the gas you put in your car. Well those concerns are front-of-mind for the global shipping industry, which still relies heavily on high-sulfur fuel to move goods across the seas. On January 1, new regulations come into play that drastically reduce the amount of sulfur oxide ships can emit. This week on Switched On we talk with Richard Chatterton, who leads oil market analysis for BloombergNEF, about how shippers will meet the new standards, what the regulations could do for refiners, and what it all means for the rest of us. This episode is based on a report series titled IMO 2020 Monthly. BNEF clients can access this report on bnef.com or BNEF Mobile, or at BNEF on the Bloomberg Terminal. Switched On is hosted this week by Mark Taylor and Dana Perkins.
In the final Shipping Commodities Focus podcast of 2019, S&P Global Platts editors George Griffiths and Sam Eckett discuss the state of the markets ahead of IMO 2020's January 1 deadline. They review the inaugural Platts European Shipping Seminar in Athens; how the Kübler-Ross model of grief (the five stages) applies to global shipping; and investigate why public and private companies are approaching the sulfur emissions cap regulations differently.
In the final Shipping Commodities Focus podcast of 2019, S&P Global Platts editors George Griffiths and Sam Eckett discuss the state of the markets ahead of IMO 2020’s January 1 deadline. They review the inaugural Platts European Shipping Seminar in Athens; how the Kübler-Ross model...
In this podcast, CEO of Onyx Capital Group Greg Newman discusses speculative bubbles and how the oil swaps market is particularly susceptible to them. He goes on to site examples that have occurred recently, whilst introduces the danger of the vast speculative open interest that currently exists ahead of the IMO 2020 regulation change.
In this episode, CEO of Onyx Capital Group Greg Newman is joined by two traders from Onyx Commodities who have come through the Onyx Trader Development Program, Benedict Williams and Ahria Roushanbakhti. The team discuss together the emergence of severe dislocations in compliant and non-compliant fuel prices ahead of the shift in regulations for bunker fuel ahead of the IMO 2020 regulations, questioning the logic of the price action and the influence of derivatives on the physical market.They go into detail on the current choices for bunker end users from an economic perspective, the price the market is valuing depressurization and introduce the concept of purchasing power that is still in the hands of the end users.
Surging popularity for 0.5% sulfur marine fuel is boosting the new fuel's cracks to twice that of refining mainstay gasoline, product reporters Tom Washington and Solomon Lanitis tell John Morley. Upstream, crude reporters Emma Kettley, William Bland and Amanda Flint update Tamara Sleiman about the widening sweet-sour crude spread.
What role will China play in the global bunker market in 2020 and beyond?The deadline for IMO 2020 is fast approaching and China is well positioned to emerge as a key player. China is home to six of the world's 10 largest container ports, has the world's second largest refining sector and a wealth of storage and blending capacity at domestic ports. Sammy Six, deputy editor for Argus Marine Fuels, and Jonty Richardson, Argus Consulting, discuss the impact of IMO 2020 and how China is well-positioned to take a significant step forward in the bunker market post-2020.
From 1 January 2020, the International Maritime Organisation will enforce a new 0.5% global sulphur cap on fuel content in a bid to tackle growing environmental concerns. In this episode, we explore how the industry will need to adapt to the unprecedented change in the marine fuel landscape.Visit www.theshippingexchange.co.uk and for social media search The Shipping Exchange on Facebook, Twitter, LinkedIn and Instagram!
In this broad reaching episode Richard Heath (Group Strategy – EEX Group) takes the opportunity to discuss multiple topics effecting the shipping markets today with the experts at Simpson Spence Young, one of the world’s leading ship brokers. How is IMO 2020 impacting owners, operators and charterers now that there are just two months to go before implementation? What is the economic impact on the shipping market and could we see the development of new fuels? How are the derivative markets responding to this change and as we see a new freight derivative market developing in LNG FFAs, what opportunities does this present for traders, owners and charterers in that commodity? See acast.com/privacy for privacy and opt-out information.
On this launch episode of Port Report, Dooner and Laura Fava talk Hasbro 's import problems in a galaxy not so far away, the trade war sweeping up Roomba sales, John Kingston on IMO 2020's potential impact, Steve Ferreira talks winning at the sea game by saving shippers money, and FreightWaves SONAR Savant Henry Byers breaks down this week in ocean trade by the numbers! Don't miss the boat on this one.
I denne episoden har Mads fått besøk av Birgitte Vartdal, CEO i tørrlastrederiet Golden Ocean. Du får høre mer om hva Birgitte mener om utviklingen i kinesisk økonomi, hvordan Golden Ocean ser på klimaendringene, miljø og reguleringer fra myndighetene. Videre får du også høre mer om markedet fremover og ikke minst hvordan Golden Ocean er posisjonert for fremtiden. Både i forhold til kapitalstruktur, men også deres flåte av skip. Hva er Golden Ocean? - Fra 02:51 Golden Ocean om utviklingen i Kina - Fra 08:50 «Tørrbulkpoolen»- fordeler og ulemper - Fra 19:51 Baltic Dry indeksen opp 40 % i år. GOGL er flat - Fra 25:00 Klimaendringer - Fra 30:12 Moderne flåter - Fra 34:30 Kapitalstruktur og gjeld - Fra 38:57
On this launch episode of Port Report, Dooner and Laura Fava talk Hasbro 's import problems in a galaxy not so far away, the trade war sweeping up Roomba sales, John Kingston on IMO 2020's potential impact, Steve Ferreira talks winning at the sea game by saving shippers money, and FreightWaves SONAR Savant Henry Byers breaks down this week in ocean trade by the numbers! Don't miss the boat on this one.Subscribe on:Apple PodcastsSpotifyMore podcasts
The middle distillate complex in Asia is expected to maintain a firm footing in the fourth quarter amid looming supply concerns despite Saudi Arabia's full restoration on all of its crude oil production following the September 14 attacks. Industry sources in the bull camp also anticipate rising...
The third public episode of Value Investor's Edge Live is a bonus episode, following on Thursday's discussion with Euronav (EURN) CEO Hugo de Stoop. J Mintzmyer spoke a few days later with peer company International Seaways (INSW), specifically CEO Lois Zabrocky and CFO Jeffrey Pribor. The conversation touched on similar themes, including the recent disruption in Saudi Arabia's oil supply and the pending IMO 2020 regulations. Zabrocky and Pribor shared how they are thinking about capital allocation and their view on the stock's relative underperformance, compared to peers. This was recorded on the 20th of September, before the recent big move in the shares. Given recent attention on the sector and the forthright nature of the conversation, it should be an interesting listen for followers in the sector. Topics Covered 1:10 minute mark - Start of discussion / Initial commentary on Saudi disruption 3:50 - What sort of situation could hurt rates? 6:20 - How are US exports looking? Signs of capacity constraints? 11:30 - IMO 2020 discussion / What have you seen in the markets? Positioning? 14:40 - What's going on with product tanker markets? When will they move? 17:25 - What are the capital allocation priorities? 20:10 - Is fleet growth and renewal still a consideration? 21:00 - Scrubber commitment beyond 10 vessels? 22:00 - Scrubber savings expectation in TCE? 23:10 - What are futures showing for spreads between fuels? 26:00 - What is INSW underperforming peers? Why should investors buy now? 29:30 - Are you considering repurchases? Any constraints to implementation? 30:50 - Strategic vision of refinancing? Any relevant covenants? 32:50 - Are your joint-ventures considered 'core?' Economics & plan there? 34:45 - What's the potential timeline for LNG JV refinancing? 36:40 - Is the share float or liquidity a concern for repurchases? 38:00 - How is your performance compensation related to share prices?
Hugo De Stoop, CEO of Euronav (EURN), and Brian Gallagher, Head of IR, join Value Investor's Edge Live to discuss the crude tanker shipping markets specifically following the major Saudi disruption and pending IMO 2020 regulations. We also discussed the potential for floating storage, Euronav's capital allocation priorities, the prospect of LNG dual-fuel vessels, and overall market thoughts regarding the increased focus on Atlantic-sourced cargoes. This interview and discussion is relevant for anyone with crude tanker exposure including other firms such as Diamond S (DSSI), Frontline (FRO), International Seaways (INSW), Navios Maritime Acquisition (NNA), Nordic American Tankers (NAT), Teekay Tankers (TNK), and Tsakos Energy Navigation (TNP). Topics covered1:30 - What are the effects of the attack on the Saudi oil fields?4:30 - What's the outlook for US exports?7:30 - Scrubbers and use of compliant fuel.16:30 - What's the plan for the second ULCC and has the been movement in the sulfur spread?21:00 - Have you hedged against oil price fluctuations? How does this impact P&L?24:00 - How will the Saudi disruption affect your Suezmax fleet?26:00 - Are Suezmaxes being used for storage?29:00 - Will storage be drawn down now that there's backwardation? 30:30 - Priorities with current cash balance.36:00 - Are you adding to the fleet and will you be looking into "dual fuel" technology?41:00 - Overall take on the market: Are you more bullish or bearish with Saudi disruption?
S&P Global Platts shipping editors George Griffiths and Sam Eckett look at the alternative marine fuels debate, ahead of IMO 2020’s January 1st deadline. They are joined by Managing Editor for Freight Alex Younevitch, and discuss the ASBA Cargo Conference in Miami, nuclear power’s...
In this episode of The Intelligent Investing Podcast, Eric Schleien sits down with Braxton Gann to discuss two shipping companies, Scorpio Tankers (STNG) and Diamond S Shipping Company (DSSI). Overview A lot of managers are concerned about the "trade war" because less trade = less shipping. Braxton thinks that a trade war is a positive because the trade will be less efficient, increasing ton-miles. Some investors also worry that a global recession will send these shipping companies into bankruptcy, forgetting that new supply would be cut off by a recession, and that obsolete vessels would be scrapped mercilessly. There has been a lot of talk about OPEC cutting production being a negative for STNG, but STNG carries products, not crude. Saudi Arabia is adding refinery capacity, and the OPEC cuts will have to be renewed in March. IMO 2020 Another puzzle is that shipping companies are downplaying the obvious effects of IMO 2020, which can easily be enforced by spot checks. Braxton thinks this is because most companies can't afford scrubbers, even though they offer payback times of 10 months or less. Another factor that we didn't end up getting to on the show is that many shipyards are going bankrupt, and shippers will have to rebuild their balance sheets for a couple of quarters before ordering more product tankers, which can take a year and a half to build. The Tanker Thesis The main reason Braxton likes product tankers is due to the disruption that will occur from IMO 2020. Many ports don't have the low-sulfur fuels required for IMO 2020, and each low-sulfur blend must be carried in a different tank. Braxton started looking at product tankers when he realized they would be the ones carrying LSFO blends. Inventories of refined products and bunker fuels are surprisingly low, so you could get a double boost from normalizing inventories and arbitrages between ports. This could boost demand by 10% or more, excluding the effect of normal GDP growth. Contact Eric Schleien If you'd like to connect with me Eric directly, he always loves connecting with listeners of the Intelligent Investing Podcast on his personal Twitter. You can also connect with Eric on Facebook, Instagram, or through his personal website. To follow The Intelligent Investing Podcast, click here.
With all of the focus on sour crudes ahead of IMO 2020, the relationship between naphtha-rich and distillate-rich barrels has attracted less attention. But increasingly, the product split in sweet crude yields has become a driving factor as refineries gear up for the new low-sulfur world. S&P...
Chris Peckham, Director of Operations at Aborn & Co., explains the International Maritime Organizations mandate to reduce air pollution and improve health and environmental benefits especially for communities residing near ports by January 1, 2020. What is the IMO 2020? How will it affect transportation and logistics? When can we expect to see the impact and much more are discussed. Learn everything you need to know about IMO 2020 mandate. In our conversation, Chris and I dive right into what could happen and what you can do to prepare yourself. Chris can be reached on LinkedIn or via email at cpeckham@abornandco.com ------------------- Future proof your supply chain today! Get your free transportation data report at Day01 Subscribe now on iTunes, Spotify, or simply search your favorite podcast player for Consulting Logistics!
The clock is ticking ahead of dramatic changes to the fuel that global shipping fleets are allowed to burn. IMO 2020 regulations, reducing sulfur levels in bunker fuel, stand to have major repercussions for oil prices. But many unknowns remain. We turned to a professional on the ground at the Port of Rotterdam for hands-on advice on what’s to come and what’s next post-IMO 2020.
Markets are now gearing up for the implementation of the International Maritime Organization's new sulfur cap regulation, which takes effect on January 1, 2020. Shipowners are increasingly taking compliant fuel for sea trials, while traders are lapping up any and all low sulfur components within...
On 1 January 2020, the International Maritime Organisation (IMO) will implement a 0.5% global sulphur cap for marine fuels. With less than a year to go, there are still uncertainties about the global availability of low sulphur marine fuels needed to fulfil this regulation. This regulation is implemented for the marine industry but also impacts the grains and oilseed industry. Oscar Tjakra joins Charlie Clack to chat about the impact of the regulation on the grains and oilseeds value chain and what industry participants can do about it.
The expiration of the US-issued Iranian sanctions waivers has now passed, leaving regular buyers of Iranian crude – and the fuel oil market – short of a regular supply line. S&P Global Platts reporters Tamara Sleiman and Eklavya Gupte tell Joel Hanley who they think the winners...
Listen on —> iTunes Listen on —> SoundCloud Topics: Sailing on Oil Tankers RJO #1 in Oil Options & Structured Products in Europe Developing a Macro View in Oil Recent price action in Crude Oil & Natural Gas IMO 2020 Guest: Joe Raia Managing Director, Global Commodity Futures, R.J. O’Brien & Associates Record Date: 3/26/19 Rapid Fire: […]
Listen on —> iTunes Listen on —> SoundCloud Topics: Sailing on Oil Tankers RJO #1 in Oil Options & Structured Products in Europe Developing a Macro View in Oil Recent price action in Crude Oil & Natural Gas IMO 2020 Guest: Joe Raia Managing Director, Global Commodity Futures, R.J. O’Brien & Associates Record Date: 3/26/19 Rapid Fire: […]
The new sulfur cap set by the International Maritime Organization will be implemented in January 2020. As the sulfur cut is so drastic, from 3.5% to 0.5%, uncertainty continues to grip the industry, which does not seem to have a clear picture on how the market will become after 2020. In this...
The tremors of IMO 2020 - The mandated shift to low sulfur marine fuel which officially kicks in January 1, 2020 - will begin to be felt months from now and have already begun to work their way into the fabric of the already complex dynamics of the shipping sector. Jason Silber chats with Pradeep...
Du får høre mer om oljemarkedsbalanse, OPEC-kutt og IMO 2020 i denne #pengepodden-episoden med oljeanalytiker Helge André Martinsen i DNB. Du får også vite mer om Saudi-Arabia sitt comeback som svingprodusent, skiferoljeindustrien og hva ekspertene tror om utviklingen videre for oljesektoren.
Is the looming IMO 2020 deadline for cleaning up marine fuels the Y2K of today's oil market? The American Fuel & Petrochemical Manufacturers say US refiners are well prepared to meet the stricter sulfur standards by January 1 after having a dozen years to prepare. The group joined the Coalition...
New regulations by the International Maritime Organization requires changes in diesel fuel production which will ultimately have an effect on retail diesel prices. Hosted by: John Eichberger, Executive Director, Fuels Institute and Donovan Woods, Director of Operations, Fuels Institute
S&P Global Platts editor Peter Farrell and senior pricing specialist Arthur Richier discuss the state of the dirty and clean Handysize tanker markets in the Baltic Sea, and how low availability of ice-class tonnage and port restrictions at this time of the year have buoyed rates up to record...
Jason Silber, global head of Platts Ocean Intelligence, is joined by Janet McGurty, senior oil writer at S&P Global Platts, and Richard Joswick, head of oil pricing and trade flow analytics for S&P Global Platts Analytics, to discuss the refining landscape as the marine industry faces an...
The fuel shipping fleets are allowed to use is poised for a drastic change. New IMO sulfur rules are geared at cleaning up air quality, but they stand to rattle the fuel supply chain, with big implications for diesel prices. Many questions remain, ranging from the availability of compliant fuel to how the industry will handle new regs. Listen, as marine fuel expert Tom Sosnowski, fills us in on what the industry can expect as the market looks ahead to 2020.
IMO 2020 is on the horizon and it poses implications to the energy space. Today we examine what IMO 2020 is and what it means for clean fuel demand in the years to come and investor's portfolios today. Featured are Energy Equity Sector Strategist Americas for the UBS Chief Investment Office, Nicki Decker and MLP and Utilities Equity Sector Strategist Americas for the UBS Chief Investment Office, Jay Dobson. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory services and brokerage services. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business and that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information visit our website at ubs.com/workingwithus. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC
Investment decisions will loom large over shipowners over the next 14 months or so as they scramble to comply with the IMO 2020 Sulfur Cap, which comes into force on January 1, 2020. The regulation dictates the use of 0.5% sulfur compliant fuel or abatement technologies, such as exhaust gas cleaning systems or burning alternative fuels such as Liquefied Natural Gas (LNG). Shipowners will have to decide well in advance of what their investment strategy is going to be. The clock is ticking. In late October 2018, the 73rd session of the IMO’s Marine Environment Protection Committee adopted amendments to MARPOL Annex VI to prohibit not just the use, but also carriage of bunkers above 0.5% sulfur on ships (unless they have approved abatement technology onboard). They are set to take effect March 1, 2020. At a series of customer seminars taking place at SMM 2018 trade show held in early September 2018 in Hamburg, Germany, Total Lubmarine and Marine Fuels emphasized that whatever choice shipowners make for compliance, Total has both a fuel and lubricant solution. Marine Log spoke with Jean-Philippe Roman, Technical Director at Total Lubmarine, and Total Lubmarine Global Marketing Manager Serge Dal Farra about how they are supporting their customers. These customer services include the onboard equipment, laboratory services, drain oil analysis and advisory services provided by the global Total Lubmarine team. “When it comes to 2020 and fuel choice, there is no single right solution,” says Dal Farra. “However, we would recommend that any ship operator works closely with a trusted bunker supplier. Total is an integrated group which provides expertise and assets in refining, trading, LNG, bunkers and of course lubricants.” Lubricant choice goes hand-in-hand with fuel choice, and low and zero sulfur fuels bring with them their own lubrication challenges. Total Lubmarine believes that low ash chemistry will be the basis for the next generation of engine oils, particularly for dual-fuel engines or those diesel engines fitted with selective catalytic reduction systems. Total Lubmarine is currently also developing new lube oils designed to help reduce CO2 emissions. On the lubricant side, Total Lubmarine has received two No Objection Letters (NOL) from MAN Energy Solutions – in recognition of the effectiveness of two of its products. The first NOL recognizes the excellent performance of cylinder oils TALUSIA HR 140, and approves it for use in MAN engines. TALUSIA HR 140 – which has a higher BN (base number) than most of its market counterparts – offers Total Lubmarine’s best solution for engines subject to severe corrosion. Designed for slow speed engines running on High Sulfur Fuel Oil (HSFO), TALUSIA HR 140 has high acid neutralization capacity, ensuring excellent cylinder protection. Its high BN has been created in order to maintain cylinder protection over long periods of high sulfur residual fuel usage, preventing corrosion resulting from sulfuric acid formation. This prevents cylinder wear and scuffing, and can extend the length of time between engine overhauls. The second NOL allows for the combined use of Total Lubmarine’s TALUSIA HR 140 and TALUSIA LS 25 lubricants in MAN’s Automated Cylinder Oil Mixing (ACOM) system. The MAN ACOM system is an onboard cylinder oil-blending unit designed to simplify the lubrication aspect of fuel switching – allowing vessels to use scrubbers or MAN GI or LGI type engines using LNG or fuel mixtures. TALUSIA LS 25 has been specially formulated for reliable operations with emission control area (ECA) compliant ultra low sulfur fuels – providing excellent cleanliness and outstanding deposit control for slow speed engines. Thanks to its low-ash content, engines using TALUSIA LS 25 are protected against deposit formation, which can lead to scuffing issues. It has been approved by MAN Energy Solutions for standalone use.
For shipowners, the clock is ticking on one of the shipping industry’s most significant air emission regulations. The IMO 2020 Global Sulfur Cap, due to take effect January 1, 2020, will mandate that shipowners burn 0.5% sulfur fuel to comply or use other means such as exhaust gas cleaning systems — so-called scrubbers — if they want to burn heavy fuel oil or operate their ships with dual fuel engines that can burn Liquefied Natural Gas (LNG) or another alternative fuel. All ships that operate outside current Emissions Control Areas (ECAs) will be required to use fuel oil with a maximum sulfur content of 0.5% while vessels operating within ECAs will be required to use fuel oil with a maximum sulfur content of 0.10%. Currently, there are ECAs in North America and the U.S. Caribbean, Baltic and North Seas, and along certain parts of the coast of China. To get some insight into the widespread ramifications of the IMO 2020 Sulfur Cap, we spoke with Kirsi Tikka, the well-respected ABS Executive Vice President and Senior Maritime Advisor, Global Marine. Tikka spoke with us about the advantages and disadvantages of each of the compliance options, as well as future IMO regulations regarding the reduction of CO2 emissions and greenhouse gases.
As the bunkering industry gears up for the International Maritime Organization's tighter sulfur emission standards from 2020 onward, is the blending of biofuels a viable way to reduce emissions? S&P Global Platts senior biofuel specialist George Griffiths and fuel oil associate editor Emma...
Among shipowners looking at how to cope with tighter marine fuels sulfur limits in 2020, the use of scrubbers to clean their emissions on board has been seen as a niche solution for the past few years. But that may be starting to change – rumours abound that the technology may be finding new...
As London's annual International Petroleum week draws to a close, Jason Silber, Global head of Ocean Intelligence -- part of S&P Global Platts -– chatted with Peter Norfolk, S&P Global Platts editorial director, shipping and freight, for a quick yet incisive survey of the shipping...
With 23 months to go, it is still uncertain whether refineries will be able to meet demand for low sulfur bunker fuel. Jason Silber, global head of Ocean Intelligence -- part of S&P Global Platts -- sought out Janet McGurty, S&P Global Platts senior oil writer and resident refinery guru,...
Brussels to Beijing: Commodity Policy in Europe and Asia Podcast
Global policies to cut shipping emissions could create massive new demand for LNG as a bunker fuel, with Europe in particular planning to invest nearly Eur2 billion ($2.4 billion) in LNG refueling infrastructure at both sea and inland ports to 2030. Some observers are saying LNG could displace up...
At recent shipping industry events in London, compliance with the IMO's upcoming 0.5% sulfur cap on marine fuels was a hot topic among industry representatives. S&P Global Platts editors Ned Molloy, Tom Washington and Jack Jordan discuss a recent case of non-compliance in Denmark, as well as...
While the markets still try to digest the implications of the International Maritime Organisation's decision to move to a 0.5% sulfur cap for marine fuels from 2020, Platts oil products editors Joel Hanley, Ned Molloy and Eleni Pittalis discuss the visible signs of market change.We welcome any...
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