Page 2 - Simpson Spence News Today

By Joe Brock SINGAPORE (Reuters) - Indonesian naval officers have asked for $375,000 to release a fuel tanker they detained last week for anchoring il...

SINGAPORE — Indonesian naval officers have asked for US$375,000 (S$516,000) to release a fuel tanker they detained last week for anchoring illegally in Indonesian waters off Singapore, two people involved in negotiations over the unofficial payment said. The incident comes after Reuters reported a dozen similar detentions last year. In those cases, the ship owners made unofficial payments of about...

By Joe Brock

SINGAPORE (Reuters): Indonesian naval officers have asked for US$375,000 to release a fuel tanker they detained last week for anchoring illegally in Indonesian waters off Singapore, two people involved in negotiations over the unofficial payment said.

SINGAPORE: Indonesian naval officers have asked for $375,000 to release a fuel tanker they detained last week for anchoring illegally in Indonesian waters off Singapore, two people involved in negotiations over the unofficial payment said.

As the world rushes to secure the super-chilled fuel.

Lack of surplus capacity leaves Europe and Asia in tug-of-war for available supply

As climate crisis allows new maritime routes to be used, sooty shipping emissions accelerates ice melt and risk to ecosystems

Shipping-related greenhouse gas emissions rose by 4.9% in 2021 and were higher than in 2020 and 2019, according to Simpson Spence & Young’s annual industry report. Shipping emissions came in at 833 million metric tons of carbon in 2021, compared with 794 million metric tons in 2020 and 800 million metric tons in 2019. This ...

Despite voluntary sustainability efforts and increasing regulations, shipping emissions are on the rise.