The UK has awarded £30m to projects advancing alternative marine fuels and wind propulsion in shipping.
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Total intra-EU fuel and compliance costs are forecast to rise by 5.9% from the 2025 year-to-date average to $829.94 per tonne of VLSFO in 2026.
Mawani and Petrotank will develop a new bunkering hub at Yanbu's King Fahd Industrial Port under a SAR 500 million lease deal.