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The oil industry fears green governments

It will take decades to phase out fossil fuels, but an increasing number of countries are spurring that development, leading oil companies to think shortsightedly while investors get nervous. The powerful upward pressure under energy prices is already decreasing the tempo of the global economy.

Photo: Rosneft

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Hapag-Lloyd: New BAF will break with old policies

A new bunker adjustment factor at Hapag-Lloyd will help ensure two things, explains Juan Carlos Duk, managing director of global commercial development, to ShippingWatch. The BAF will very much address longstanding criticism from customers.

No supertanker orders in the third quarter

Higher prices and concerns over the order book have meant that the number of new orders for the major VLCC vessels in the third quarter landed at zero, writes JP Morgan in a new report.

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