Tighter Emissions Regulations, Slower Economy to Soften Marine Fuel Demand
Stricter environmental regulations and slower global economic growth will soften marine fuel demand in the coming years, the International Energy Agency said in its annual report on Tuesday.Marine fuel sales jumped last year due to Red Sea disruptions that made shipping companies take longer routes.But demand for those fuels, also called bunkers, could flatline at around 5 million barrels per day (bpd) in 2024-2030, because of weak underlying shipping growth and rising costs from tougher maritime environmental standards…
StormGeo Partners with BV for 2025 EU MRV Compliance
StormGeo, a provider of maritime technology solutions, announced a partnership with Bureau Veritas Marine & Offshore (Bureau Veritas), a global provider in testing, inspection, and certification, for more efficient reporting and verification of CO2 emission data.By integrating StormGeo's solutions with Bureau Veritas' advanced emission compliance platform, VeriSTAR Green, the collaboration will streamline the emission reporting and verification process for vessels between 400 and 5,000 gross tonnage (GT), as well as offshore vessels of 400 GT and above.
