Recent Posts

Pakistan flogs ‘dirty’ fuel oil as it shifts to LNG

Bloomberg Pakistan’s drive to tackle its polluted skies has left it with a problem: It has more dirty fuel oil than it wants. Their solution? Swap it with shipments of cleaner liquefied natural gas. The top oil marketing firm in South Asia’s second-largest economy, Pakistan State Oil Co., is exploring whether it can take delivery of LNG cargoes in return ...

Read More »

Greek shipper bets $1bn on fuel rule upending world trade

Bloomberg A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it. Evangelos Marinakis, chairman of Capital Maritime & Trading Corp., based near Athens, says his company has invested that much in the last ...

Read More »

UN slaps new sanctions on N Korea

Bloomberg The United Nations Security Council unanimously approved new sanctions targeting North Korea’s economy following the launch of a ballistic missile last month that Kim Jong Un’s regime said shows it can now target the entire continental US. A week after US Secretary of State Rex Tillerson called out Russia and China for their support of Kim Jong Un’s regime, ...

Read More »
Send this to a friend