"Our ambition is to play an active role in delivering the energy transition," Vitol said.

The refiner will consider using ammonia as a boiler fuel among new means to decarbonize operations.

**Freight rates likely to spike in H2 2021 **Illicit trade in Iranian, Venezuelan crude deferring scrapping **Dual fuel vessels on order ahead of IMO climate goals

"We are still putting ink on paper but are hoping to close in a couple of weeks," Gurnee said.

Vast imports of hydrogen are necessary if Europe and Germany want to reduce CO2 emissions and become climate-neutral by 2050, the companies said.

**Bunker costs look set to rise, trimming profitability **Company purchasing more containers to boost reliability

Carbons offsets are currently just one avenue for the Brazilian company, as it looks to reduce its carbon footprint.

**Likelihood of cruise lines sailing to improve marine segment **Aviation recovery in Europe, Asia hinges on vaccination drive