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.

The government said the plans would create 4,000 jobs and support 50,000 others.

The determination marks an early victory for domestic panel makers, who say cheap imports are harming their operations.

The ship uses what's known as "green ammonia" as its fuel source, which is commonly found in fertilizers and is manufactured using renewable energy.

The money will be spread across 25 projects in 14 states, including Nevada, North Carolina, Idaho, Texas, and Ohio among others.

Capturing methane and processing it into fuel to power cars and factories are seen as key steps to keep global temperatures from rising more than 1.5C by 2050.

The ships targeted are all described as “high-volume offenders” — vessels operating around the clock to transport as much Russian oil as possible.

 The Biden administration is currently targeting 2050 to achieve net-zero greenhouse gas emissions from the aviation sector. 

Index-linked contracts combined with derivatives could actually create a completely predictable freight rate environment. Perhaps.

U.S., EU and U.K. authorities have imposed sanctions on dozens of tankers tied to the Russian oil trade since late last year.