CHINA DATA: Oct fuel oil exports rise 22% on year on higher bunker salesAll the exports in October fell into the category of "custom warehouse," which indicates that the exports were fuel oil sold as bonded bunker.
IMO's recent climate meeting 'a missed opportunity': Maersk CEOThe IMO is currently targeting a 50% cut in emissions from the global fleet by 2050 compared with 2008 levels, but there is growing industry and political pressure to raise the 50% goal to 100%.
BUNKERWORLD: Bunker prices rise amid limited VLSFO supply at biggest hubs*Singapore VLSFO tight going into December *Limited VLSFO supply in ARA until year-end *Rising demand at Buenos Aires
Wartsila, partners target hydrogen for marine propulsionThe fuel's low energy density has limited plans for its uptake and in many cases downstream ammonia is a preferred option, according to shipping sources.
IMO dodges fresh 2050 climate target but launches new fundThe existing timeline -- to review climate targets in 2023 -- remains in place.