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Oil traders made billions in 2019 as conflict shook the market

Several of the world's biggest commodity traders and fossil supermajors made record profits 2019 by playing clever hands in an unstable energy market year characterized by supply problems, Middle East conflicts, sanctions as well as maritime enterprises scurrying to prepare for the IMO2020 sulfur rules taking effect on Jan. 1.

Study: New fuels are more harmful to the Arctic

A new preliminary study links the new low-sulfur fuels, which most of the commercial fleet now sails on, to black carbon. Environmental organizations call for answers and action from the IMO and oil companies.

Court releases two arrested rigs

Wednesday, a Danish court released two rigs at the center of a dispute between shipyard MARS and US investor Tom Clarke. ShippingWatch reported earlier in January that the parties had settled the dispute.

Altor to take Wrist to next level prior to exit

Private equity fund Altor wants to reap the last rewards from many years of acquisitions and investments in Wrist before the fund approaches its heralded sale of the company. Among other things, challenging integration of a major acquisition has affected sales plans, Altor partner says.

Bunker One bags exclusive deal with US supplier

Bunker One, a physical supplier under Bunker Holding, has bought a stake in a US-based supplier headquartered in Houston. The deal gives Bunker One exclusive access to the supplier's low-sulfur fuel oil.

DIV Group to acquire Norwegian yard Kleven

A Croatian industrial group has agreed with ferry operator Hurtigruten to acquire yard Kleven Verft. This happens shortly after the yard's CFO told Norwegian media that the company was about to get a new owner.

BMW open for more green pilot tests in shipping

In collaboration with companies like Maersk, BMW will develop a new ship fuel based on a mix between ethanol and lignin. The automaker, which has just joined a coalition for CO2-free ships, is open to entering more similar trials, the company says in an interview with ShippingWatch.

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