Japan’s imports of Saudi Arabia’s crude oil increased in November 2023, reaching 33.27 million barrels, or 42.7% of total imports, according to the Ministry of Economy, Trade and Industry. During November, Japan imported 77.89 million barrels of oil, of which 94.6% ,...

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The recent disruptions at the Red Sea entrance are anticipated to exert additional strain on the container terminals in January 2024. However, the overall impact on the port of Rotterdam’s throughput is projected to be minimal. The Port of Rotterdam Authority foresees...

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Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some short positions in crude were squared up, but short-covering did little to reverse the downward trend in prices. Hedge funds and other money managers purchased the...

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Seafarers once again find themselves on the frontline of one of the world’s conflicts as they pass through the Red Sea and Gulf of Aden, with potential attacks coming by both air and sea; all on top of an escalation of the risk already posed by pirates. Ship owners...

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The 2023 IMO Strategy on Reduction of GHG Emissions from Ships has been applauded by international stakeholders at the recent UN Climate Change Conference COP28 held in Dubai, United Arab Emirates. During a side event co-hosted on 9 December by IMO, the United Nations...

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Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route. Yemen-based Houthi militants have...

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