Finance

Finance

IMF warns of ‘stagflationary’ risks in Asia, cuts growth outlook

portnews - April 27, 2022

The Asian region faces a “stagflationary” outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity...

Companies

Bolloré deal helps MSC anchor off India’s east coast amid Colombo disruption

portnews - April 27, 2022

A €5.7bn ($6.2bn) deal inked last month by MSC to acquire Bolloré Africa Logistics has helped the Geneva-based behemoth secure a “growth-oriented” container-handling foothold...

Finance

ANZ signs perpetually linked loan with Yumin Shipping

portnews - April 27, 2022

ANZ and Yumin Shipping Singapore, a subsidiary of Yumin, signed a USD 50 million "Sustainability linked loan" on March 16. The loan is for...

Finance

MARAD: $25 million available for America’s Marine Highway Program

portnews - April 27, 2022

U.S. Secretary of Transportation Pete Buttigieg. “Today’s announcements are an important step in the administration’s Port Action Plan to strengthen our supply chains, modernize...

Finance

How to Optimize Today’s Working Capital to Drive Tomorrow’s Growth

portnews - April 27, 2022

Digital transformation, dynamic and disrupted markets, geopolitical uncertainty, and ever-growing corporate transparency are putting increasing pressure on companies’ liquidity and cash flows. According to Gartner,...

Finance

Three scenarios for the ECB’s normalisation path

portnews - April 27, 2022

Last week’s European Central Bank meeting has paved the way for a further normalisation. Only a severe economic recession or sharp fall in headline...

Companies

Wärtsilä invests in Japan’s Marindows to drive decarbonisation in marine industry

portnews - April 27, 2022

Wärtsilä Voyage, part of the Finnish technology group Wärtsilä, has completed an investment in Marindows, a Japanese company delivering an open digital platform for...

Finance

Bank of America sounding the alarm on collapsing freight demand

portnews - April 27, 2022

In a Friday note to investors, Ken Hoexter, the managing director of Bank of America’s trucking research, wrote that shippers’ view of demand is...

Finance

Hempel links EUR 1.5 billion credit facilities to sustainability targets

portnews - April 27, 2022

World-leading coatings company, Hempel A/S, has successfully amended the company's credit facilities, linking borrowing costs to four sustainability targets. This Earth Day, Hempel is “Investing...

Finance

Analyst predicts upward adjustment by DSV next week

portnews - April 27, 2022

DSV presents another record result, probably followed by an upward adjustment. Such is Sydbank’s expectation for DSV’s financial report next week. Wednesday next week, freight...

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