Hyundai Merchant places 3.15 tln-won ship order with 3 shipbuilders

Hyundai Merchant Marine Co. said Friday it has placed 3.15 trillion won (US$2.84 billion) worth of container ship orders with the country’s three major shipbuilders to expand its fleet. Hyundai Merchant has signed three separate deals with Hyundai Heavy Industries Co., Samsung Heavy Industries Co....

https://www.hellenicshippingnews.com/hyundai-merchant-places-3-15-tln-won-ship-order-with-3-shipbuilders/

Fitch Ratings: Metallurgical Coal Miners May Curb Costs as Prices Slip

Strong cost inflation in the global metallurgical coal sector suggests that miners may focus on cost controls as prices decline from their current high levels over the next 18 months, say Fitch Ratings and CRU. However, mining companies rated by Fitch are well-positioned for any potential squeeze...

https://www.hellenicshippingnews.com/fitch-ratings-metallurgical-coal-miners-may-curb-costs-as-prices-slip/

Trafigura merges global fuel oil, gasoil trading desks ahead of IMO 2020 -source

Swiss trading house Trafigura has merged its global fuel oil and gasoil trading desks ahead of new shipping fuel regulations starting in 2020 set by the United Nations’ shipping agency, three trade sources said. The merger is “a prudent step to structure ourselves for future market conditions...

https://www.hellenicshippingnews.com/trafigura-merges-global-fuel-oil-gasoil-trading-desks-ahead-of-imo-2020-source/

Predictions Of Early ‘Peak Oil’ Demand Don’t Pass The Goldilocks Test

Adherents of the currently faddish demand side of “Peak Oil” theory (as opposed to the formerly faddish supply side, which was completely blown out of the water in recent years by the shale revolution) received a big dose of bad news over the weekend from OPEC. At a meeting with its non-OPEC...

https://www.hellenicshippingnews.com/predictions-of-early-peak-oil-demand-dont-pass-the-goldilocks-test/