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Venezuelan crude exports, which previously went to India, could head to China instead. Product imports that previously came from the US will be sourced from Russia or Iran. While US product exports, which previously went to Venezuela, could go to Brazil and Mexico
The war in Gaza and actions in Yemen have seen protests against events in the region. One group is now threatening to disrupt trade to make its feelings known
Former chairman Li Yibo resigned in the past week and is reportedly under investigation by China’s anti-graft authority
IMO adopts resolution to recommend cargo screening measures to help identify criminal trades
Open-loop scrubber discharge will be banned from July 2025 with closed-loop following in 2029