- There's more action out of Marine Money Week in New York City as the presentations continue
- J Mintzmyer of Value Investor's Edge says the conference has seen a heavy focus on the pending 2020 sulfur regulations, including Carnival (NYSE:CCL) updating on its plan to use a mix of LNG vessels and scrubbers. Star Bulk Carriers (NASDAQ:SBLK) also plans to use scrubbers for the larger vessels in its fleet, while burning marine gasoil on the smaller ones.
- Following the decision by the International Maritime Organization to implement a global sulfur cap of 0.50% m/m (mass/mass) in 2020, a key question is will the shipping industry comply? "Shipowners in general expect major chaos in early 2020, with significant initial non-compliance if penalties are not stiff enough," reports Mintzmyer from the scene.
- Also at Marine Money Week, Dorian LPG (NYSE:LPG) CEO John Hajipateras didn't address the takeoffer offer for the company from BW LPG (OTCPK:BWLLF), instead directing investors to the official response posted on Dorian's website.
- Earlier update on Marine Money Week
- Related shipping and tanker stocks: TNK, STNG, NM, DHT, NVGS, EURN, NAP, TK, KEX, GLNG, TK, SSW, FRO, CMRE, NVGS, DHT, GNK, DRYS, [{DSX]], EGLE, NAT, ASC, SALT, EGLE, SB, NAT, NMM, KNOP, PANL, DAC, SFL, TGP.
- Now read: An 8.5% Yield As This Profitable Company Deleverages Its Balance Sheet
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