Regulations, sanctions and geopolitics, credit concerns and digitalisation will bring headaches to the bunker industry in 2025, with the largest firms best able to cope with them.
2024's total is heading for a 3.4% gain from 2023 and the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy.
Bunker prices will be lower in 2025, but overall costs will rise for those operating within European waters, according to the latest analysis by Ship & Bunker.
Several major Chinese maritime firms including container line COSCO have been added to the Pentagon's blacklist list for alleged ties to the People's Liberation Army.
The company has issued an official statement regarding its inclusion on a list of companies linked to the Chinese military, stating it is seeking clarification from US authorities.
A coalition of investors and advocacy groups has filed a shareholder resolution calling for greater transparency from oil major Shell regarding plans to expand its LNG business.