What is happening this week in Shipping, Energy, and Geopolitics? SEG’s team examines key news and trends from around the world. The report is released and updated every Friday.
Shipping: Suez Canal announces a 15% fee increase for northbound traffic starting in January.
Energy: Canada nearing the unveiling of a draft plan for an oil and gas emissions cap.
Geopolitics: China’s $2.79 billion investment in lithium mining in Zimbabwe, signaling a significant move in global mineral resource strategy.
Shipping: Rate fluctuations in Asia-US and Asia-Europe routes, with significant increases noted.
Energy: Petrobras reports a 41.5% decline in Q3 profit; Shell takes legal action against Greenpeace.
Geopolitics: Zimbabwe’s increased lithium mining operations, largely driven by Chinese investment.
What to watch out for:
Shipping: The impact of the Panama Canal’s capacity reduction due to drought on global shipping routes and costs.
Energy: Global oil price trends amidst growing demand concerns and geopolitical tensions.
Geopolitics: The ongoing effects of China’s investments in African mining operations on the global supply of critical minerals like lithium.