Global oil and gas shipping costs surge
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Maritime groups, ship owners, port operators and logistics companies are among almost 90 international businesses urging governments to push ahead on a global shipping emissions deal, which the US has worked to derail.
Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict disrupts supply chains.
By Renee Maltezou ATHENS, March 3 (Reuters) - Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an "alarming" situation that has left dozens of ships stranded in the Strait of Hormuz and the wider area due to the widening Iran conflict.
Calling it a “European-led neocolonial export of global climate regulations,” the Trump administration has threatened new measures against nations that vote for mandatory greenhouse gas (GHG) limits on international shipping and establishes a pricing ...
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By Yousef Saba and Ahmed Elimam LONDON, March 3 (Reuters) - Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities,
Add Yahoo as a preferred source to see more of our stories on Google. In a major step toward maritime decarbonization, the UN’s shipping agency has approved the world’s first global carbon pricing plan for the industry—despite strong opposition from ...
Geopolitics will heavily influence the outlook for shipping this year. Wars and political tensions have altered trade patterns, and protectionist actions may cause new inefficiencies. The key issue is the resumption of the Red Sea/Suez route, crucial for ...
Nations are trying to reach an agreement to charge commercial vessels a fee for their emissions in what would effectively be the world’s first global carbon tax. The International Maritime Organization, which regulates international shipping, set a ...
The U.S. has succeeded in blocking a global fee on shipping emissions as an international maritime meeting adjourned Friday without adopting regulations. The world’s largest maritime nations had been deliberating on adopting regulations to move the ...