FEATURE: Bunker industry sees fragmented, complex market after 2020"Will we all be using the same 0.5% sulfur fuel? No, we won't. The shipping industry, if it doesn't have a policeman, will do whatever is cheapest."
New Orleans IFO 380 CST, MGO hit highest levels since July 2015New Orleans bunker fuel prices on Thursday reached their highest levels since July 2015 outpacing the movements of their respective underlying products, after the market experienced residual effects from the recently announced OPEC deal.
Denmark's Maersk Line to acquire Hamburg SudDeal expected to be completed by end-2017, subject to final agreement and regulatory approval
Aegean Marine Petroleum sees 0.5% sulfur bunker supply shortages"Many of us in the bunker industry are not entirely convinced that the global demand for 0.5% sulfur bunkers can be met by 2020."
Most USGC bunker fuels see largest daily spike in at least 15 months on OPEC dealMost US Gulf Coast bunker fuel prices saw their largest day-on-day increases in at least 15 months Wednesday after OPEC members agreed to freeze their collective crude output