In spite of an industry hit by a lower oil price and reduced demand from especially China and Japan, the head of Shell LNG is optimistic about the future. Growth will be driven by increased demand for greener fuel, says Shell's Vice President for Global LNG.
BY TENNA SCHOER
Not long ago, LNG was predicted a very favorable future as the major replacement for oil. But the oil price plummeted, and suddenly gas was not that hot anymore.
While the German government is considering a privatization of DB Schenker, the logistics group’s CEO, Jochen Thewes, believes the Schenker brand, which is the world’s fourth largest within logistics, deserves a future.
Extending the UN-coordinated agreement for Black Sea transport likely won’t happen until right before deadline, says Ukrainian minister. 231 dry cargo vessels have so far carried 5.3 million tonnes of grain and other foods through the corridor.
The Singapore Police Force has brought 42 charges against Sentek Marine & Trading for having procured bunker oil between 2014 and 2018, which the company allegedly knew was stolen from a Shell refinery.