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.
January 26, 2024Latest News Updates From Jack Wittels
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.
September 18, 2023Diesel 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.
September 13, 2023Diesel 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.
June 15, 2022Soaring Diesel, Gas Prices Bleed Into Shipping
The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
February 22, 2022The Diesel Market Looks at Risk of Price Spikes
A slump in global diesel stockpiles has left the market vulnerable to price spikes.
January 27, 2022Maersk 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.
August 24, 2021Shipping Watchdog Urged to Speed Up Pace on Emission Curbs
Trafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined.
June 21, 2021Nations Set to Discuss Reducing Global Shipping CO2 Emissions
John Kerry wants to accelerate the decarbonization of the global shipping industry, which spews more carbon dioxide into the atmosphere each year than France and the U.K. combined.
June 9, 2021Shipping’s Big Bang Sends Two Global Industries Spinning
Starting Jan. 1, the vast majority of the world’s ships were forced to change the fuel they use. Some big winners — and potential losers — are starting to emerge from what was a historic switch for the world’s oil refining and maritime industries.
January 14, 2020Trending
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