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Page 6 - Barbours Cut Container News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Boom Times at Port Houston s Container Terminals

Shipping sheds its dirty problem with a little help from COVID

Shipping sheds its dirty problem with a little help from COVID Jack Wittels, Bloomberg FacebookTwitterEmail It was meant to be one of the greatest transformations in the history of oil and shipping. Instead, a sweeping regulatory change this year to clean up the maritime industry’s fuel passed successfully and with little fanfare, rendered a historical footnote by Covid-19. Vessel owners and oil refiners were expected to face major upheaval because of rules that took effect on Jan. 1 to help improve human health and combat environmental concerns by slashing the amount of sulfur in ship fuel. The two industries did, indeed, undergo unprecedented turmoil but the cause was a pandemic that upended economies and trashed oil demand.

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