
Business / Financial Markets Feb 21, 2022
Soaring diesel and gasoline prices are bleeding into global shipping
Much of the price increase in ship fuel has been due to a rally in crude oil, which is used to make most marine fuel.
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Much of the price increase in ship fuel has been due to a rally in crude oil, which is used to make most marine fuel.
To comply with the measure, owners and managers have had to reroute ships, delaying shipments and crew changes.
The U.S. climate envoy said in April that he wants international shipping’s emissions to drop to zero by 2050.
The situation has gotten so desperate that an elite salvage squad is due to arrive Thursday to work on prising the Ever Given from the bank of the canal.