The blacklisted tankers are just a tiny part of the shadow fleet amassed by Russia to move its oil outside the reach of the Western powers.

Government headed by Labour Party seeks to clamp down on poor working conditions at sea with laws on collective dismissal and minimum wage.

Carriers from China to the U.S. and Europe were forced to extract the dubious components, leaving jets grounded and racking up millions of dollars in costs.

Houthi attacks in the Red Sea have since late 2023 forced container vessels to sail around southern Africa.

Talks collapsed with both parties locked in an acrimonious stalemate showing no signs of a rapid solution.

A growing number of countries are pushing to make hydrogen a key part of their emissions-cutting strategies, particularly for energy-intensive industries.

If the strike continues toward the end of the year, a credit rating downgrade is more likely, according to S&P. 

Political factions and the powerful German trade union Ver.di opposed the Hamburg deal, saying it would cost jobs and cede control of the port to a foreign company.

The diversions come as European futures jumped on concerns about increased risk to supplies in the Middle East, just as the heating season gets under way.

By 2054, JKIA is expected to handle 32 million passengers and nearly one million tons of cargo, compared to 8.6 million passengers and 367,000 tons of cargo currently.