United Eco Skies Soars in 2019/Bunker Mentality Shipping Fuels/Kind Hearted Joe

With the environment increasingly under the microscope, United Airlines stands alone as the only USA flag carrier to utilize biofuel.  Perhaps overlooked in the general rush of things on June 5th was United’s Flight for the Planet, the most eco-friendly commercial flight of its kind in the history of aviation, as World Environment Day was celebrated everywhere. For forwarders and shippers, the key challenge of the coming months will come from the higher costs that implementing new environmental shipping regulations will impose on global supply chains.      From January 1, 2020, new International Maritime Organization regulations will put a 0.5% cap on sulfur content in marine fuels globally, down from a maximum of 3.5% now. With oil prices rising, the exact cost of the new fuels is not yet known for certain, but with low-sulfur fuels significantly more expensive, container line shipping executives have called on supply chain partners to share the burden of rising fuel costs, which they describe as an economic hit. It said that only the good die young. To that, we might add nothing that is good ever dies.      Joe Badamo, a pillar of the JFK International Airport community lost his battle with cancer on Sunday October 13th and passed away in Massapequa, Long Island, New York at age 65. --- Support this podcast: https://anchor.fm/geoffrey-arend/support

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