World Maritime News – Page 100

BIMCO: Market Uncertainty Causes More Fuel Oil Price Volatility

The uncertainty of the upcoming IMO 2020 sulphur cap regulation is having a big impact on the bunker market.

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Imports at U.S. retail container ports would rise this month ahead of new tariffs set to take effect in December.

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The company said it would pay no more than USD 85 million per ship.

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New charters at favorable rates and extended debt maturities were just some of the factors that led to the upgrade.

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The company sold the 2002-built VLCC Nave Electron for a price of USD 25.3 million.

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