Tankers Alarmed by Demand Shift in Fuel Oil Trade
A significant demand shift across the barrel is expected in less than two years’ time as the industry prepares for IMO’s 0.5% sulphur cap in 2020.   While scrubbers will only play a minor role by the implementation date, the demand shift will also affect the fuel oil trade and paint an alarmi...

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New Tariffs Could Affect Import Growth at Container Ports
Imports at the nations’ major retail container ports are expected to dip slightly this month as a result of annual Asian factory shutdowns for Lunar New Year, the National Retail Federation said. Although the volumes this month would not be affected by the new tariffs on steel and aluminum, which were...

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Oil Deposits Escape from Cyclone-Battered Kea Trader as Hull Pieces Collide
Despite precautionary measures, the fractured hull of the stricken containership Kea Trader did not endure the impact of the latest cyclone off New Caledonia in the south Pacific. Namely, the cyclone Hola, which swept through the region over the weekend, caused the two hull sections to collide damaging the forward section...

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Bulk Carrier Taking on Water in Gulf of Finland
Panama-flagged bulk carrier Glory Hongkong sprung a leak while on its way to St Petersburg, the Finnish Border Guard’s maritime rescue center based in Helsinki informed on Thursday, March 8. The cargo ship, manned by 22 seafarers, sent a distress call around noon local time saying that water had been leaki...

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