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Russia wants to boost fuel exports significantly

Russia has invested billions of dollars in modernizing its refineries. The country is now looking to increase fuel exports significantly and take market shares in Europe, reports Reuters.

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Owner weighs sale of Norwegian oil service company

Sources tell Bloomberg that a major bank has been hired to explore the possibility of selling Norwegian oil service company Aibel. According to the sources, the company has been presented to equity funds, though competitors are also said to be interested.

Analyst casts doubts on product carriers' 2020 hopes

Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.

China considers ban on open-loop scrubbers

It is far from certain that open-loop scrubbers will be approved in China once the country introduces stricter sulfur regulations from next year. Meanwhile, a large, German shipping company has just invested in open-loop scrubbers, which have faced harsh criticism in the industry.

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