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...The number of tankers shipping Russian oil without western insurance has risen since the introduction of the cap....
...shipping group Maersk....
...Exxon is leading a fightback by the petrochemicals industry against UN plans to limit the production of plastics....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...Even as the two companies are fierce competitors and juxtaposed by Wall Street, they co-operate and partner around the world....
...Follow This said it would instead refocus its efforts on a resolution it had co-filed with 27 big investors, including Amundi, at Shell’s annual meeting later this year....
...Oh, and the Red Sea and Suez Canal aren’t the only pain points for container shipping! A severe drought in the Panama Canal also delayed shipping and raised freight costs late last year....
...Lloyd’s List, the shipping news and analysis company, has estimated that if the EU carbon price remains between €80 to €90 per tonne of CO₂, total tax revenues from the coverage of shipping by the ETS could...
...“A constrained regulatory environment on some important markets did not allow us to co-operate in an optimal fashion,” the companies said....
...And that sweet, melodious shipping forecast will always be my favourite lullaby. jo.ellison@ft.com...
...for other big investors to co-file with them....
...The responsibility for keeping the trade artery open between east and west no longer lies with commercial shipping companies....
...In the second phase of the deal, Egypt would co-ordinate talks between Palestinian factions to create a single government over Gaza and the West Bank, a total ceasefire and the completion of the hostage...
...Housing has been an issue for Northvolt in the sudden boomtown of Skellefteå, where rents have skyrocketed and some people have been sleeping in converted shipping containers....
...Exxon shares closed down 1.3 per cent on Wednesday....
...The WSC highlighted that the commission’s decision does not outlaw co-operation between shipping groups....
...The UK’s Takeover Panel, which oversees local deal activity, has named Barclays’ co-head of M&A for Emea Omar Faruqui, as its director-general....
...Last week Exxon revealed that its chief executive, Darren Woods, had received remuneration of $36.9mn last year, slightly more than Calhoun and almost four times as much as the heads of Shell and BP....
...“There is no way the US rig count grows after the recent wave of consolidation by Exxon, Chevron, Diamondback and Occidental,” said Conrad Gibbins, co-head of the upstream Americas business at Jefferies....
...He had been JPMorgan’s co-head of Emea M&A and co-head of its global strategic investor group M&A. Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business....
...He will also receive about $150mn in Exxon stock in exchange for his Pioneer shares and join the supermajor’s board as a director. The deal came quickly....
...The impact of shipping constraints on global trade is hard to overestimate....
...“The Red Sea shipping route is of great importance to Chinese merchant ships,” Yin said....
...In contrast to Exxon, BP is targeting cuts in oil and gas production of 25 per cent by 2030....
...Exxon, Pioneer and Chevron all said they did not comment on market rumours or speculation. The talks between Exxon and Pioneer could still fall apart....
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