US blacklists oil traders and tankers for violating sanctions on Venezuela
A network of oil trading firms have now been sanctioned because it, according to the US authorities, has helped state-owned Venezuelan oil company PDVSA selling oil worth hundreds of millions of dollars.
The current tanker market is catastrophically poor with unprecedented low rates in the otherwise attractive winter months, Norden CEO Jan Rindbo tells ShippingWatch. That is why he projects that Norden's earnings will almost halve in 2021, compared to 2020's record result.
Despite a strong second half-year, Kuehne + Nagel's container volumes declined overall in 2020. Sky-high demand and container shortages have led the logistics company to focus on its "key customers" during the pandemic, says CEO Detlef Trefzger.