War effects

Owners urged to fast-track job offers as wages rise

Crew shortages are driving up seafarer wages, according to Danica Crewing Specialist’s CEO Henrik Jensen who urges ship operators to be quick to offer jobs to seafarers who apply with them or risk losing out to a higher bidder

The former German canchellor

Schroeder throws in towel as German industry clings on to Russian gas

Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany's gas lobby as it seeks to keep the energy lifeline from Russia open. He played a critical role in establishing the energy bond between the countries

War in Ukraine

French retailer Auchan does not plan to change its Russia strategy

French retailer Auchan does not plan to change its strategy in Russia or the structure of its local operations, the Russian branch of the privately owned company told. Auchan Russia was responding to a request for a comment after a local media report suggested it may cede control

To Russia

Ukraine conflict squeezes South Africa's citrus exports

The conflict in Ukraine has throttled South Africa's citrus exports to Russia and driven input costs higher, further squeezing fruit producers already suffering from spiralling shipping costs, an industry body said

Commerce minister says

India has no immediate plan to lift wheat export ban

India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters. The world's second biggest producer of wheat banned private overseas sales of the grain on May 14

The port blockade

Nearly 25 million tonnes of grain stocked in Ukraine / FOCUS

Ukraine is seeking ways to get grain and vegetable oils out of the country by breaking a months-long blockade of the Sea of Azov and the Black Sea by the Russian navy and moving more by land. The war, together with Western sanctions against Russia, have sent prices soaring

Amid supply uncertainties

Germany striving to develop gas field with Senegal

Germany plans to work with Senegal on the development of an offshore gas field amid the severe impact the war in Ukraine is having on global energy supply and prices. The update came as the German Chancellor Olaf Scholz this weekend started his tour of several African nations

War in Ukraine

Nike not renewing franchise agreements in Russia

U.S. sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major U.S. brand since Russian forces entered Ukraine

As world faces food crisis

Ukraine's embattled farmers running on empty

After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine's farmers are facing another challenge - finding enough diesel for the harvest to come

For reconstruction

Ethiopia, World Bank agree $300 mln grant

Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted in the northern region of Tigray in November 2020

Iraq persuaded Lukoil to halt sale to Sinopec

Iraq balks at greater Chinese control of its oilfields

Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy

War in Ukraine

Putin says large Russian grain harvest to support higher exports

Russia, one of the world's largest wheat exporters, will increase wheat exports this year due to a potentially record harvest, President Vladimir Putin said on Thursday. Russia competes with the European Union and Ukraine for supplies of wheat to the Middle East and Africa

Between Hapag Lloyd and Contship

Damietta Alliance developing and operating a new container terminal

Damietta - A new terminal will be built in the port of Damietta, Egypt. For this purpose, a Joint Venture was founded to develop and operate the new “Terminal 2” in the port. The Joint Venture Damietta Alliance Container Terminal consists of three core shareholders