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With the world still in the grip of a global pandemic, shipping companies need to reassess the measures they have in place to meet environmental compliance
Knut Ørbeck-Nilssen believes there is a new spirit of collaboration abroad in what is normally considered a highly fragmented industry, and a desire to harness every technological means available to overcome the obstacles that Covid-19 and its consequences have thrown up
The natural progression, ahead of the next unforeseen crisis, is for more trialling and piloting of innovative tools and practices
With three shocks in the space of three months, the international marine fuel market has experienced significant turbulence already this year. Even if the worst of the coronavirus pandemic subsides in the coming months, the demand side outlook remains murky
The maritime industry needs clarity on the requirements for future fuels, says Chris Chatterton, chief operating officer at The Methanol Institute
Cash-strapped shipowners that said they could barely afford compliant bunkers when prices peaked in January can now consume fuel at a quarter of the price
Repercussions are starting to be felt because of reduced demand caused by the coronavirus pandemic and the shock in crude prices
The VLSFO-HSFO premium will likely remain narrow and more LS VGO is expected to enter the bunker pool
Integrated logistics and maritime solutions give a boost to country’s economic diversification efforts
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