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
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
At the latest round of negotiations, the social partners agreed to structure the new three-year deal through annual increases, up to $673, from January 1 2023 to January 1 2025, as follows: $658 as of January 1 2023; $666 as of January 1 2024: $673 as of January 1 2025, for an Able Seafarer
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
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
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
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
Snam and Golar LNG Golar signed a contract through which Golar will deliver the existing LNG Carrier “Golar Arctic” as a floating storage and regasification unit (FSRU) that Snam will install in the port area of Portovesme
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
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
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
In just 365 days, Aponte earned $ 8.24 billion
Passengers who have already booked a trip on MSC Grandiosa are not only Europeans, but also North and South Americans
Jakarta - Indonesia, the world's biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil
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'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
Fincantieri Marinette Marine cut the ribbon on a new building Thursday. Building 34 is where pieces constructed by workers in Marinette and the company’s Sturgeon Bay location, Fincantieri Bay Shipbuilding, will be assembled into the newest Navy ship ships
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
Beirut - The Lebanese government has issued licences to 11 companies to construct solar power plants capable of producing 15 megawatts each, energy minister Walid Fayyad said on Thursday. The companies would have a year to secure funding
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
