A deal is expected between Japan’s Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security and Saudi Arabia’s Ministry of Industry and Mineral Resources.
The United Kingdom is the first European country to join the trade agreement and is projected to be the pact’s second-biggest economy behind only Japan.
A 10-day strike of 340,000 workers would reportedly result in over $1.1 billion in lost direct wages and more than $7 billion in total economic losses.
The company has reportedly revised the start of contract cargoes from its Calcasieu Pass LNG plant to late 2024, extending a previous delay by almost a year.
To maximize product value and optimize revenue, manufacturers should leverage leading data to enable a proactive — rather than reactive — business strategy.
The Iranian-flagged vessel was apprehended July 7 while carrying out the illegal transshipment of oil to a Cameroonian tanker inside of Indonesia’s exclusive economic zone.
For every day that the strike goes on, supply chains will need an additional three to five days to recover, the Railway Association of Canada estimates.