Dan-Bunkering case to commence in October - court earmarks 18 court days
Dates have now been set for the case concerning Dan-Bunkering's alleged breach of EU sanctions against selling jet fuel to Syria, where the prosecutor is pursuing a prison sentence for the CEO. The oil group denies all allegations but looks forward to the case being presented in court.
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.
A series of shipping companies including DFDS and Klaveness, as well as commodity trader Trafigura, call on the EU to bet on ammonia and hydrogen as the marine fuels of the future. LNG and biofuels emit too much CO2, they say.