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Group II Base Oil Exporters Wait on European Tariff Decision
Importers of Group II base oil into Europe may have to start paying a tariff if the current waiver is not extended beyond December. European production, meanwhile, could influence trans-Atlantic flows. A working group within the European Commission met earlier this month to discuss whether to extend a tariff waiver, which currently allows Group II […]
Tags: automotive, exxon, IMO, lubricants -
Brazilian Crude Extends Its Global Reach Ahead of IMO 2020
A particular grade of heavy-sweet crude oil produced by Brazil is in high demand thanks to the International Maritime Organization’s upcoming sulfur cap. The new regulation goes into effect on January 1 and will limit the permissible sulfur content of marine fuels to 0.5 percent, down from its current level of 3.5 percent. As a […]
Tags: bolsonaro, brazil, IMO, ostra, sulfur -
IMO Toughens Up on Climate Change
In an effort to tackle climate change, member states of the International Maritime Organization (IMO) have agreed to enact tougher carbon standards on newbuild ships two years earlier than planned. At the 74th meeting of the Marine Environmental Protection Committee (MEPC) in London last month, members drafted amendments to International Convention for the Prevention of […]
Tags: container shipping, containers, IMO, IMO 2020, IMO2020, Shipping