Will 2020 Shipping Rules Boost Asian Refiners?

  • Asian refiners are languishing at the lowest seasonal level in more than a decade.
  • Diesel demand due to 2020 regulation is forecast to boost Asian refiners.
  • An increase by $3.50 to $4 a barrel is expected in 2020 for complex plants in Asia.
  • Hydrocracking margins for Asian refiners averaged $3.57 a barrel last month, the lowest level since June.
  • Profits from turning Dubai crude into diesel averaged $16.70 in October, near the highest since early 2014.

A surge in diesel demand next year...

https://mfame.guru/will-2020-shipping-rules-boost-asian-refiners/

Losing Ground! 2019 Proves To Be A Rocky Road For Container Trade

According to an article published in Drewry, the container trade from Asia to West Coast North America is struggling to ward off the effects of the trade war.

Rocky road for the container market

It has been a tough year so far for carriers in the Asia-West Coast North America container trade. The unpredictable trade war between the US and China that last year provided a welcome boost to the eastbound market has this year had the reverse effect. Last year’s annual growth rate of 5.7% was...

https://mfame.guru/losing-ground-2019-proves-to-be-a-rocky-road-for-container-trade/

Euronav’s Anchored Supertanker To Become Asia’s Refuelling Hub

A Euronav NV-owned supertanker anchored along Asia’s busiest shipping route is set to become a refuelling hub as the company seeks to secure cheaper fuel for its fleet ahead of new industry rules, reports Bloomberg.

Euronav’s low-sulphur fuel hub 

The Oceania, one of the world’s biggest oil carriers, will serve as a floating storage and distribution centre for marine fuel in waters off Kuala Linggi International Port on Malaysia’s west coast. 

The port will be Euronav’s hub for low-sulphur fuel...

https://mfame.guru/euronavs-anchored-supertanker-to-become-asias-refuelling-hub/