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ExxonMobil prepares refinery for global sulfur cap

The upcoming sulfur regulations will boost demand for low-sulfur fuel significantly, and oil major ExxonMobil now plans to invest in its UK-based refinery in an effort to get on board the wagon, reports the Financial Times.

Photo: /ritzau/AP/Matt Brown/Arkiv

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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.

Damco maneuver could cost jobs among regional leadership

A total of 18,000 Maersk employees could in some way be affected by the large-scale integration of Damco and Maersk Line. Dual leadership roles in the regional businesses in particular could be impacted, Maersk Line CCO Vincent Clerc tells ShippingWatch.

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