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The U.S. abandoned global talks aimed at cutting shipping’s carbon emissions and threatened to counter against any fees that the country’s merchant fleet incurs if the initiative proceeds.

Governments from across the world gather in London this week to thrash out a landmark global carbon charge for the shipping industry. There’s optimism that Washington won’t derail the process.

Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions.

Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the Red Sea.

Commodities giant Cargill Inc. is looking to add wind-power capability on future cargo ships, after experimenting with sails that made a large vessel greener.

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

The maritime industry will join the European Union's Emissions Trading System in January, meaning big ships will start paying for carbon emissions.

The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel.

A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage of diesel, jet fuel and similar petroleum products.

The shipping industry is starting to feel the full force of surging diesel and gasoline costs.