A petrochemical revolution, spearheaded by China’s unprecedented expansion, is reshaping the global petrochemical landscape and influencing patterns of oil consumption. According to the International Energy Agency (IEA), petrochemical demand is p…
Trade consequences of the petchem revolution Read More »
The Red Sea crisis is persisting for a second straight month, which is slowly expected to make an impact on the global supply chain and world trade alike. In its latest weekly report, shipbroker Xclusiv said that “2023 is gone, however, economic uncert…
Trade Disruptions To Lead to Higher Shipping Rates Read More »
The Red Sea crisis shows no signs of easing as A.P. Moller – Maersk announces it is pausing all transits through the region ‘for the foreseeable future’ and ocean freight shipping rates continue to surge. The latest data from Xeneta released today, 9 J…
London and Kuala Lumpur 11 January 2024: Released today, the annual Piracy and Armed Robbery Report of the ICC International Maritime Bureau (IMB) raises concern over the first successful Somali based hijacking since 2017. The IMB annual report recorde…
New IMB report reveals concerning rise in maritime piracy incidents in 2023 Read More »
China’s imports of LNG rose by 11.4% during 2023, as Zero-Covid policies were reversed, allowing for more shipments. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to increase last year, helped…
LNG Shipping: China’s Imports Post Strong Increase During 2023 Read More »