Tony Gray, Lloyds List
Published: Sep 18, 2007
CONSOLIDATION in Japan’s LPG industry has taken on an international flavour following a co-operation pact between trading house Itochu and South Korea’s SK Gas. Areas for co-operation are expected to include shipping, writes Tony Gray.
SK Gas confirmed that a memorandum of understanding had been signed with Japan’s Itochu to invest in LPG terminals and co-operate in LPG trading.
The company was responding to a report in the Japanese financial daily Nikkei that said the strategic alliance would also embrace shipping and a joint business partnership in China.
Itochu is understood to have period charters on four LPG carriers, while SK Gas has charters on three vessels.
Details of the alliance, which is not a merger, would be determined in six months, the report said.
The co-operation is designed to improve efficiency and deal with increasing competition.
The Japanese LPG industry is being re-shaped by a series of mergers and co-operation pacts. In June, Japanese refiner Showa Shell and trading house Sumitomo said they planned to merge their LPG businesses by next April, in an effort to cut costs and remain competitive.
Mitsui and Marubeni also intend to merge their LPG businesses by April 2008.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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