Opinions are divided in terms of how the product tanker market should develop this year and in the years to come due to a massively increased global pressure on fossil fuels from green energy technologies.
Did global demand for oil peak in 2019? Or will both the oil production and demand pick up its former speed towards the end of 2021 once the corona fog clears and vaccine roll-outs make it possible to reopen global economies?
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A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.