Japan's MOL to issue green bonds for environmental projects, reduce bunker fuel consumptionThe bonds will be issued will carry a maturity period of five years
Bunker demand rises in Fujairah as price dips below Singapore portConcerns over off-spec bunker fuel in Singapore could have led to a shift in demand towards Fujairah.
Prompt Rotterdam RMG 380 CST bunker fuel requirements tight: sourcesA busy VLCC loading schedule, lower exports from Russia have kept avails tight.
Refinery upgrades, works to ramp up ahead of 2020 IMO sulfur capFuel oil complex expected to tighten, 3.5% FOB Rotterdam barge intermonth spreads in backwardation.
TANKERS: Teekay encouraged by unseasonal dirty freight volatility, scrapping, IMOOnly 19 orders reported this year, mid-size segment has remained below a 5% growth rate.