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WoodMac: Marine fuel cost to rise from 2020

Global marine fuel costs are likely to rise by 25%, or $24 billion, upon the IMO sulphur cap gets in effect in 2020, Wood Mackenzie consultant said. As explained, the cost will rise as the upcoming regulations will a switch to other fuels, which are low-sulphur but cost more, such as MGO and ultra low sulfur fuel oil.

Baltic Exchange eyes to develop LNG index

Following an approach by leading Baltic Exchange LNG shipbroking companies, the Baltic Exchange has formed the Baltic LNG Panellists Group, as it looks to develop a new LNG Index comprising several routes for the evolving LNG shipping market. 

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