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Business

Companies

COSCO SHIPPING International expected to report a net loss for FY2022

portnews -
COSCO SHIPPING International (Singapore) Co., Ltd., together with its subsidiaries, wishes to update shareholders that based on a preliminary review of the Group’s unaudited...
Energy

Latest price /sanctions against Russia not identical in EU, UK, G7

portnews -
The price cap rules relating to Russian sales of crude oil (implemented December 5th 2022) and refined oil products (implemented February 5th 2023) are generally consistent...
Energy

Putin lauds gas giant Gazprom, says Asian demand will soar

portnews -
President Vladimir Putin lauded Russia’s natural gas giant, vowing that Gazprom would thrive despite attempts by the West to cut its clout as demand...
Companies

Panalpina employees in Italy strike over layoffs

portnews -
DSV plans to close Panalpina's Italian division and layoff 136 people. In protest, the Italian employees strike all day today, Friday. This comes only...
News

MARINET launches VR simulators for seafarer training

portnews -
MARINET, an industry association, introduced virtual reality (VR) simulators for seafarer training during Expo Maritime Philippines 2023. According to MARINET, the simulators can create a...
Brazil

Brazil’s LPG Demand to Remain Steady in 2023

portnews -
Brazil’s LPG sales (~consumption) is estimated to be around 7.35 MMt in 2022, down 1% from the previous year and 2% below 2020, according...
Market

Stocks find rare resilience to soaring rates

portnews -
The notion that higher interest rates would slam stocks has been turned on its head by Wall Street’s resilience to the most dramatic upward...
Companies

Stolt-Nielsen expects good times ahead for chemical tanker after new profit

portnews -
Family carrier Stolt-Nielsen saw strong bottom line progress in both Q4 and the full-year 2022. CEO expects the positive trend to continue. Norwegian chemical tanker...
Energy

Quake may impact oil and gas supply around the world

portnews -
The earthquake that hit Turkiye and Syria on Feb 6 was one of the deadliest in the two nations’ history. Apart from claiming more...
Finance

Global equity funds see outflows on worries over Fed tightening

portnews -
Global equity funds witnessed outflows in the week to Feb. 15, hit by worries about the U.S. Federal Reserve’s further monetary tightening, with recent...
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