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Shippers Change Course As Fuel Rules Target Sulphur Emissions


The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engine emissions from 3.5% currently to 0.5% or less from 1 January 2020.

It may seem an arcane rule change, but

VLCC: Market Starting to Return to Normalcy



Although there were stratospheric rates seen on subjects last week, charterers did not lift subjects on a large proportion, thus regaining some control and forcing owners to kowtow. We now see 280,000mt Middle East Gulf to US Gulf basis Cape/Cape