Oil company Valero was identified as the source of bad bunker in a new court case while Maersk gave up on plans to sell Maersk Supply Service in a week, in which ShippingWatch also reported on Maersk's 2050 climate strategy.
US-based oil company Valero has been accused of distributing bad bunker into the market, which created problems for hundreds of vessels last year. World Fuel Services is also considering sending claims to the company.
Maersk has now decided to completely abandon plans to split Maersk Supply Service as part of the major transformation of the Danish group, announces Maersk to the stock exchange the Friday after an almost three-year-long-process where the group has strived to find a solution for the carrer. As ShippingWatch reported this past week, this has transpired to be a tough task for the carrier, which finds itself in a hove-to market for supply vessels.
Ultrabulk booked its best result since 2010 last year and the CEO also sees 2019 positively. Revenue reached DKK one billion last year.
Maersk addresses fossil fuels in 2050 strategy
Maersk has issued a target to completely phase out fossil fuels by 2050. Under its new climate strategy, Maersk's vessels will no longer sail on oil and gas 30 years into the future, reveals John Kornerup-Bang, head of sustainability strategy & chief advisor for climate change, in an interview with ShippingWatch. The Maersk CEO paints a sharper picture of this vision and how far-reaching the ambition of zero-CO2 net emissions truly is.
Also read about Norwegian tax regulations, sulfur cheaters, expansion plans for Singaporean company Sinwa, Pacific Basin's perspective on newbuildings within bulk and Norden's continued divestment of bulk vessels.
Since Western sanctions were introduced in response to the invasion of Ukraine, Russia has exported oil through a shadow fleet. Moscow might now be bulding a similar fleet for gas exports.
On July 1, the use and transportation of heavy bunker oil by ships in the Arctic will be banned. A climate organization now accuses the ban of being full of loopholes.
