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7 October 2026

Pistiolis doubles down at GSI with four more MRs

Downunder Voices Newsroom

Source reporting: Splash247

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Pistiolis doubles down at GSI with four more MRs

Evangelos Pistiolis-led Top Ships is adding another four MR tanker newbuildings at Guangzhou Shipyard International, lifting its newbuilding pipeline in the segment to 14 ships. The New York-listed Greek owner has agreed to acquire four related-party special purpose companies holding contracts for 50,000 dwt eco, scrubber-fitted, Ice Class 1A product tankers scheduled for delivery between …

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Red dye diesel break is being greeted with a big yawnBusiness

7 October 2026

Red dye diesel break is being greeted with a big yawn

The executive order allowing red dye diesel to be used by trucks , along with its lower tax rate, is not being celebrated by the presumed target of the change. Various consumer or consumer-related groups that would be expected to either sell the fuel or use it in their trucks are looking over the complexities of its consumption and throwing cold water on the idea that red dye fuel is going to be a source of price relief for them. By being dyed red, it marks it as a fuel that can be consumed in certain off-road applications, mostly agricultural, and be bought without paying the 24. 4 cents/gallon federal excise tax that is levied for over-the-road uses. Lots of unknowns But as Matt Muenster of Breakthrough Fuel noted in a memo to his company’s clients, although the executive order was signed this week, there are still plenty of questions.

Source: FreightWavesOriginal source

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