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The Poseidon Principles Disclosure Report is good, but the disclosure could have been better

In December 2020, the signatories of the Poseidon Principles—currently twenty large banks—released their first Annual Disclosure Report. As the first paragraph of the report says: “This report represents the first time Signatories of the Poseidon…

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BIMCO’s Shipping Number of the Week: Zero tonnes of Saudi crude oil imported by the US

In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first time this has happened. Previously, imports have averaged several hundred thousand barrels per day (bpd). For the moment, this drop t…

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