Diesel Fuel

Distillate Markets
Regulation & Legislation

IMO to Decide Launch of LS-Bunkers ‘Availability’ Study Next Year

The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) last week instructed a “correspondence group” to submit a final report by April 2015 on how and when to proceed with a mandatory “availability” study on low-sulfur bunker fuels for a default 2020 global deadline.

Transportation

Wärtsilä 3Q-2014 Profits Dip Year-on-Year

Mainly diesel-powered marine-engine and power-generation specialist Wärtsilä announced Oct. 23 that its third-quarter (3Q) profits before taxes slipped to €129 million (US$163 million), from €136 million (US$172 million) in 3Q 2013.

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