Monday, August 26, 2024

Speaking of Houthis: Trafigura Expects 4.5% Rise in Industry-Wide Annual Emissions Due to Red Sea Tanker Diversions

Combined with the world's largest single-event greenhouse gas release (deliberate no less) when the  Nord Stream pipeline was blown up, if Greta hears about this, there's gonna be consequences and repercussions.

From Shipping Telegraph, August 15:

Singapore-based commodity trading company Trafigura Group Pte Ltd (Trafigura) expects 4.5% increase in annual emissions from oil tankers alone due to diversions around the Cape of Good Hope.

Research by the giant commodities group estimated that an extra 200,000 barrels of fuel oil will be consumed by oil tankers alone this year as they are diverted around the Cape of Good Hope.

The current disruption to global trade from ships not being able to use the Red Sea is leading to much longer voyages and a dramatic increase in emissions.

“When container ships and other vessels are considered, we think an additional 500,000 barrels of fuel will be consumed by the shipping industry this year because of the disruptions.”....

....MUCH MORE

Earlier: smaller, cheaper anti-ship weapons:

Watch Out Shipping, Silicon Valley Is Gunning For You