Trafigura, IEnova to develop Mexican oil product terminal
Trader will hold a 49% slice in the project, which will be up and running by 2020.
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VLCC rates hit 2018 high ahead of Golden Week
Freight rates have been boosted by charter activity before the world’s largest seaborne crude importing nation takes off for a week-long holiday.
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Opec 2020 vision bodes well for tanker owners
The oil cartel’s medium-term forecast shows a spike in crude trades due to the IMO 2020 rules, boosting tanker owners when scrapping activity is expected to stay strong
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IMO mindful of burden on owners amid decarbonisation drive
Kitack Lim says action plans now in focus ahead of the next MEPC session but admits financially distressed owners may need relief.
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