Market

India

Extreme heat waves seen putting pressure on India’s wheat output, export potential

portnews - May 5, 2022

India’s wheat output in 2022 is expected to decline sharply, after five straight years of record production, as severe heat waves since end-March are...

Energy

Lured by cheap oil, India becomes largest customer of Russian Urals crude

portnews - May 5, 2022

India emerged as the largest buyer of Russian Urals crude in April enticed by hefty discounts, as several of the grade’s regular European customers...

Finance

Dollar nurses losses after Fed douses hopes of bigger rate hikes ahead

portnews - May 5, 2022

The U.S. dollar was nursing its losses at a one-week low on Thursday after the U.S. Federal Reserve raised interest rates as widely expected...

Energy

OPEC chief says China lockdowns hitting oil demand

portnews - May 5, 2022

OPEC’s secretary general said on Wednesday that lockdowns n China are affecting oil demand, with some suggestions the country is facing its biggest oil...

Market

Chicago wheat rises 1% on prospects of lower Indian crop yields

portnews - May 5, 2022

Chicago wheat futures gained more ground on Thursday, rising more than 1% with prices underpinned by expectations of lower exports from India, which had...

Energy

How big could Venezuela’s oil market be?

portnews - May 5, 2022

An oil rig in Maracaibo Lake in Venezuela. Much of the infrastructure surrounding the country's oil sector is considered to be of insufficient quality....

Maritime

HÖEGH LNG: Two FSRU contracts in Germany

portnews - May 5, 2022

Höegh LNG Holdings Ltd. (Höegh LNG) announces it has signed binding implementation agreements with the German Federal Ministry for Economic Affairs and Climate Action...

Market

Is an end to the container industry upswing looming on the horizon?

portnews - May 5, 2022

Recent financial reports from major container carriers bear witness to a red-hot market with still high rates. But maybe an end to the upturn...

Market

Ninth WindEnergy trend: index published: Mood in Germany better than ever before

portnews - May 5, 2022

In the ninth edition of the WindEnergy trend:index, the wind power market received positive ratings for all regions; respondents believe the Ukraine war will...

Companies