The workboat world is embracing outboard engines today more than it has in the past. More patrol boats, support vessels, special military crew carriers, and other boats that used to rely on small to midsized inboard diesels are moving to outboards.
Safety and convenience are the major reasons for the shift. If an engine has to be changed out, for example, it’s much easier to replace an outboard than an inboard engine. Or if an engine fails in hostile waters, there is more than one outboard...
For the week ending Oct. 5, barge grain movements totaled 507,298 tons. This is a 10% decrease from the previous week and 6% less than the same period last year. For the week ending Oct. 5, 314 grain barges moved down river. This is 41 fewer barges than the previous week. There were 669 grain barges unloaded in New Orleans, 2% fewer than the previous week.
During the same period, 35 ocean-going grain vessels were loaded in the Gulf — 13% more than the same period last year. Forty-five vessels...
The International Energy Agency (IEA) disclosed that it had changed its view on IMO 2020 fallout and now believes that the IMO 2020 implementation could well be much smoother than expected, reports American Shipper.
Diesel prices sparkThe disaster scenario for the International Maritime Organization’s 2020 fuel rule (IMO 2020) goes like this: Ships without exhaust-gas scrubbers must switch en masse to more expensive low-sulfur fuel on Jan. 1.
To meet demand, refineries produce more...
http://mfame.guru/imo-2020-implementation-could-be-smoother-than-expected-says-iea/
According to an article published in Bloomberg Quint, critics of the oil industry tend to fixate on carbon emissions, with...
http://mfame.guru/oil-industrys-explores-solutions-to-tackle-sulfur-problems/
A United Nations mandate on the shipping industry to remove up to 85% of the sulfur content from its fuel to cut 3% of global carbon dioxide emissions could throw the industry into massive disruption.
Some analysts argue it could lead to fuel supply and demand imbalances and arbitrage opportunities that could extend crude oil price volatility, reports Forbes.
Aftermath of the financial crisis“The industry is still in a financial tailspin since the financial crisis, but the technology is ready...
http://mfame.guru/what-impact-does-shipping-fuel-shift-exert-on-the-global-oil-market/
It’s all over but the shouting. That’s how John Kingston describes the oil market in his article published in the Freight Waves.
It’s a perfect description of where the oil market stands – and by extension, the trucking and rail markets – as we await the introduction of IMO 2020 over the next few months.
Lot of Brain Power Analysing the IssueWe say “it’s all over but the shouting” because the market is at the point where the conferences have been held, various research agencies have produced...
According to an article published in World Oil, the imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners.
How high are profits?Profits from turning crude into diesel in the second half of 2019 are forecast to be about 31% higher than the first six months, according to Goldman Sachs Group Inc.
Margins have already expanded around 40% since late April as International Maritime Organization rules that prohibit ships from using dirty...
http://mfame.guru/asian-oil-refiners-riding-high-on-2020-fuel-rules/
South Korea’s SK Innovation, owner of South Korea’s biggest oil refiner SK Energy, said that refining margins are expected to improve, driven by solid diesel demand before new rules on marine fuels take effect from 2020, reports Reuters.
Second quarter profitThe company...
http://mfame.guru/imo-2020-diesel-demand-to-help-refining-margins-improve/
Chinese...
http://mfame.guru/little-known-oil-product-snapped-up-for-ship-fuel-in-china/
http://mfame.guru/imo-2020-set-to-raise-iron-ore-freight-rates/