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Yesterday, the offshore yuan against the dollar, the euro depreciation, appreciation against the yen

The offshore RMB depreciated slightly against the US dollar yesterday. As of press release, the offshore RMB against the US dollar was at 6.8717, down 117 basis points from the previous trading day’s close of 6.8600.

The offshore yuan depreciated slightly against the euro yesterday, as of press time, the offshore yuan depreciated the euro at 7.3375,70 basis points from the previous trading day’s close of 7.3305.

The offshore yuan rose slightly against 100 yen yesterday, at 5.1100 against 100 yen as of writing, up 100 basis points from the previous close of 5.1200.


Argentina has an annualized inflation rate of nearly 99% in 2022

Argentina’s National Institute of Statistics and Census showed that the inflation rate reached 6 percent in January 2023, up 2.1 percent year-on-year, according to data released by the previous year. Meanwhile, cumulative annualized inflation in the past December rose to 98.8 percent. The cost of living far exceeds the salary.


South Korea’s maritime service exports reached a new high in 2022

According to Yonhap News Agency, South Korea’s Ministry of Ocean and Fisheries said on February 10 that the export of maritime services in 2022 will be 38.3 billion US dollars, breaking the previous record of us $37.7 billion set 14 years ago. Of the $138.2 billion of services exports, shipping exports accounted for 29.4 percent. The shipping industry has ranked first for two consecutive years.

Profit for DS NORDEN jumped 360%

Recently, Danish shipowner DS NORDEN announced its 2022 annual results. The company’s net profit reached $744 million in 2022, up 360% from $205 million in the same period a year earlier. Before the outbreak, the company’s net profit was only between $20 million and $30 million. The best performance in 151 years.

Post time: Feb-17-2023