maritime News Updates

Business, Fuel, Logistics

Shipping Industry Group Aims for Net-Zero Emissions by 2050

BERLIN The International Maritime Organization said Oct. 5 that its members will aim for net-zero carbon emissions by 2050, following a commitment to the same goal by the worlds airline industry a day earlier.

October 5, 2021
Government

Maffei Named Maritime Commission Chairman

The Biden administration tapped Daniel Maffei to lead the Federal Maritime Commission, the agency announced recently.

April 1, 2021
Government, Business, Logistics

Maritime Shipping Industry, Asian Nations Object to EU Pollution Plan

Plans to extend the worlds biggest carbon market into shipping drew criticism from the industry and Asian nations, highlighting growing conflict over Europes unprecedented moves to protect the environment.

November 30, 2020
Government, Business, Technology, Fuel

Diesel Fuel Market Stable as IMO Mandate Takes Hold

One month after the International Maritime Organizations mandate prohibiting the use of heavily polluting bunker fuel in cargo and cruise ships began, oil industry analysts said the diesel fuel market is stable.

January 28, 2020
Government, Business, Fuel

Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin

Years of planning and preparation by the ocean shipping, oil and trucking industries are set to pay off as adequate supplies of diesel fuel are expected to be ready now that an International Maritime Organization mandate for the use of lower polluting fuel on ocean vessels is about to take effect.

December 30, 2019
Government, Business, Fuel

Fuel-Trading Routes Revamped as 2020 Dynamics Take Hold

Shippers have fewer than three weeks until new rules kick in forcing them to burn cleaner fuels, but the regulations are already redefining key trade routes in the global oil-product markets.

December 12, 2019
Business, Fuel, Logistics

Commodity Shippers Struggle to Obtain 2020-Compliant Fuel

Ships are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation that takes effect in six weeks time, a situation that could ultimately result in vessels having to temporarily halt trading.

November 19, 2019
Government, Business, Fuel

Petroleum Institute Chief Economist Optimistic About Diesel Supply

WASHINGTON The oil refining industry is ready for an upcoming mandate on the type of fuel to be used by the maritime industry, but shippers are scrambling to get ready as the deadline draws near.

September 24, 2019
Government, Business, Fuel

New Shipping Fuel Rules Are Starting to Rock the Oil Market

They may still be six months away, but new rules on marine fuels are already sending shock waves through the little-known world of refinery feedstocks.

July 3, 2019
Business, Equipment, Fuel

Diesel Prices May Increase as Cargo Industry Makes 2020 Fuel Switch, Experts Say

The looming adoption of a mandate that will require maritime vessels to burn cleaner fuel is projected to put upward pressure on diesel prices next year, but transportation experts are more concerned about how the change will affect the supply of diesel fuel for trucks.

April 3, 2019