bank of south pacific tonga News

South Korean Shipping Companies Tackle Challenges: The Competitive Path of Large Container Ships

As competition intensifies in the global shipping market, South Korean shipping companies urgently need to acquire ultra-large container ships to reduce costs and enhance their market competitiveness. However, liquidity issues and financing difficulties complicate this goal. Additionally, overcapacity in the industry and falling freight rates pose challenges to profitability. Regulatory authorities oppose the merger of two companies, citing potential negative impacts on the overall economy. In the future, businesses must find a breakthrough between new ship investments and market adaptation, with hopes for a recovery.

07/21/2025 Logistics

Charter One Bank SWIFT Code Eases International Transfers

This article introduces the SWIFT/BIC code for Charter One Bank in South Sudan, which is COBJSSJBXXX. It emphasizes the importance of this code in the international remittance process, ensuring the prevention of delays and errors, and providing customers with a convenient financial service experience.

09/12/2025 International Settlement

South Africas Inflation Hits 13year Peak Straining Households

South Africa's inflation rate has hit a 13-year high, prompting the central bank to warn of a potential loss of control. Soaring food prices are exacerbating the cost of living crisis, forcing low-income households to cut back on food spending. The South African government needs to take decisive action to curb inflation, protect livelihoods, and maintain economic stability. Urgent measures are required to address the rising cost of essential goods and provide relief to vulnerable populations.

01/27/2026 Exchange Rate Query

Guide to Trade Opportunities at Aitutakis Arutanga Harbour

This article focuses on Avarua Harbour in the Cook Islands, detailing its geographical location, port type, shipping lines, and UN/LOCODE. It also briefly lists other significant seaports in the Cook Islands. The aim is to provide readers with a port selection reference for South Pacific trade, facilitating smooth trade routes. The information presented aids in understanding the logistical aspects of shipping within the Cook Islands and offers valuable insights for businesses involved in international trade in the region.

09/29/2025 Port Encyclopedia

Firstrand Bank Enhances Crossborder Payment Security Via SWIFTBIC

FIRSTRAND BANK LIMITED is located in Johannesburg, South Africa, and its SWIFT/BIC code is FIRNZAJJINT. This code ensures that funds are transferred securely and quickly to the destination during cross-border remittances, guaranteeing accuracy in your transactions.

08/27/2025 International Settlement

Bank of Baroda Kenya Explains SWIFT Code Use for Secure Transfers

This article highlights the importance of using the SWIFT code BARBKENA MOM of BANK OF BARODA (KENYA) LTD for international remittances. It emphasizes the necessity of ensuring fund security and accurate delivery, and reminds users to verify the SWIFT code to ensure a smooth transaction.