Business

Feature

UNCTAD set to support countries under new landmark treaty on high seas

portnews - April 4, 2023

After 15 years of negotiations, UN member states agreed on landmark new treaty on 4 March to protect marine biodiversity on the high seas....

Companies

GE Shipping targets $40,/day from each of its vessels next year

portnews - April 4, 2023

GE Shipping’s offshore division is set to break even as the entire offshore fleet will get re-priced, as per a report by B&K Securities....

Companies

U.S. natgas drops 5% to 25-month low on forecasts for less heating demand

portnews - February 20, 2023

U.S. natural gas futures plunged about 5% to a fresh 25-month low on Friday on forecasts for less cold weather and lower heating demand...

Companies

DSV says farewell to yet another Panalpina managing director

portnews - February 20, 2023

DSV says goodbye to yet another executive from its Swiss acquisition, Panalpina. The latter's managing director for Denmark steps down from his position. He...

Container

Asia Container Trade: China container trade market struggles with slow market pickup

portnews - February 20, 2023

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to...

Energy

Oil settles down $2/bbl, ends week lower on Fed worries, ample supply

portnews - February 20, 2023

Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could...

Companies

Analysts say DSV could redivest one part of Panalpina

portnews - February 20, 2023

DSV's acquisition Panalpina transports a lot of perishable goods, and this business could be harder to make money from than regular container freight. Could...

Energy

China set for record crude oil imports in 2023

portnews - February 20, 2023

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following...

Energy

Forties diffs rise on bid

portnews - February 20, 2023

North Sea Forties crude oil differentials rose on Friday to reflect a bid from Gunvor, while no offers or deals were seen. MARCH LOADINGS PLATTS WINDOW Indications...

Companies