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.
Gautam Adani has characterised the Justice Department's allegations as 'baseless' and said his firm would seek 'all possible legal recourse' in fighting them.
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.
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.
The firm's new Esplanaden office in Copenhagen will act as the group's headquarters, with the management of all of its global compliance, finance and risk operations.
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.