Despite 2016 being ‘a relatively quiet time’, Steamships Managing Director Peter Langslow, in the first of a two part series, says his diversified company is becoming more efficient and continuing to invest in its operations in PNG in preparation for the next upturn.
Why many Papua New Guinea companies become conglomerates
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16 Jan 2017 by Leave a Comment
Conglomerates have become rare in developed economies; the strategy of diversifying across different industry sectors tends to be punished by investors who prefer specialized players. But in Papua New Guinea industry diversification is commonly used as a way to grow.
In brief: Oil Search and ExxonMobil buy gas licences in Gulf, and other Papua New Guinea business stories
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14 Sep 2016 by Leave a Comment
Oil Search and ExxonMobil buy into gas licences in Gulf of Papua, Sir Mick Curtain, founder of Curtain Bros, dies, and trade disagreement with Fiji resolved. Your weekly digest of the latest business news.
Signs of recovery: a monthly review of commodity prices and financial markets
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20 Jul 2016 by Leave a Comment
Despite short-term weaknesses, oil and gold prices are up over the year so far. Gas prices, although only half their 2014 peak, may be finding a floor while coffee prices are strong. Meanwhile, domestic equities have moved sideways, while some Australian miners have surged. Business Advantage PNG’s monthly overview of commodity and financial markets.
People moves: Steamships, AWE
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23 Mar 2016 by Leave a Comment
A new Company Secretary for Steamships, and Cue Energy’s CEO moves to AWE
Results of Papua New Guinea’s major companies show some struggling more than others
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15 Mar 2016 by 2 Comments
Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
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2 Mar 2016 by Leave a Comment
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
People moves: Steamships, ANZ Bank
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17 Feb 2016 by Leave a Comment
Steamships’ Chairman retires, a new ANZ CEO for Cook Islands
People moves: InterOil, Steamships
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2 Sep 2015 by Leave a Comment
A new Executive Vice-President and a new board member at InterOil, and Steamships appoints a new Non-Executive Director.
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