Government, Business, Fuel, Logistics, Global Freight

Maersk Expects IMO to Approve Global CO2 Levy in 2025

Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions.

Jack Wittels | Bloomberg News
October 4, 2024
Government, Business, Safety, Fuel

Shipping Gets Dirtier as Houthi Attacks Fuel Longer Voyages

Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the Red Sea.

Jack Wittels | Bloomberg News
July 22, 2024
Business, Fuel, Logistics

Cargill Looks to Use Sails on Cargo Ships to Burn Less Fuel

Commodities giant Cargill Inc. is looking to add wind-power capability on future cargo ships, after experimenting with sails that made a large vessel greener.

Jack Wittels | Bloomberg News
March 12, 2024
Government, Business, Fuel, Logistics

Europe’s Diesel Supply Chain Threatened by High Freight Costs

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

Jack Wittels | Bloomberg News
January 26, 2024
Business, Fuel, Global Freight

Big Emissions Bills Are Coming for Ships Sailing in Europe

The maritime industry will join the European Union's Emissions Trading System in January, meaning big ships will start paying for carbon emissions.

Jack Wittels | Bloomberg News
September 18, 2023
Government, Business, Fuel

Diesel Issues Could Worsen Due to Lack of Crude From OPEC+

The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel.

Jack Wittels | Bloomberg News
September 13, 2023
Government, Business, Technology, Fuel

Diesel Crisis Likely to Stay Unfixed by Oil Refining Revival

A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage of diesel, jet fuel and similar petroleum products.

Jack Wittels | Bloomberg News
June 15, 2022
Government, Business, Logistics

Soaring Diesel, Gas Prices Bleed Into Shipping

The shipping industry is starting to feel the full force of surging diesel and gasoline costs.

Jack Wittels | Bloomberg News
February 22, 2022
Government, Business, Fuel

The Diesel Market Looks at Risk of Price Spikes

A slump in global diesel stockpiles has left the market vulnerable to price spikes.

Jack Wittels | Bloomberg News
January 27, 2022
Business, Technology, Fuel

Maersk Invests $1.4 Billion in Methanol-Powered Ships

A.P. Moller-Maersk has ordered eight new vessels, each costing $175 million, that can be propelled by cleanly made methanol instead of an oil-based fuel.

Jack Wittels | Bloomberg News
August 24, 2021