The Wire

A.M. Nomikos buys $20.1 mln bulker - brokers

A.M. Nomikos of Greece has acquired bulk carrier TANGO QUEEN (dwt 55,649 blt 2007 Japan) at the price of USD 20.1 million, according to broker reports.
 21/5/2013
Shanghai International Port Group's container April volume up 3.9 pct China's largest port operator, Shanghai International Port Group (SIPG), posted a 3.9 per cent year-on-year increase in April container volume to 2.83 million TEU with overall tonnage rising 6.2 per cent to 45.66 million tonnes, reports Xinhua. 21/5/2013
Kingfish cancels order for 11 tankers at OSX Acu Kingfish Trading has cancelled an order for 11 medium-range, 45,000 DWT tankers that were be constructed at OSX Brasil’s Açu shipyard, OSX said in statement. 21/5/2013
MSC Belgium makes port of Antwerp more secure Criminals are constantly on the lookout for new ways to steal, not least in ports. MSC Belgium is the first ship’s agent to introduce a new container release system that enables customers to collect their containers quickly and efficiently in a secure environment. MSC Belgium sees the new system, rolled out on 8 May, as the first step towards making the port 100% secure. 21/5/2013
StealthGas Weekly Market Report In the NWE coaster market, activity remains positive with quite a few enquiries and fixtures actually realized. Contributing to the activity in the market are predominantly butane spot cargoes that have been fixed this past week. 21/5/2013
Iron ore may drop further, support seen at $120/tonne Spot iron ore prices may stretch their losses this week as Chinese mills curb inventories of the raw material amid an uncertain outlook for steel demand in the world's top consumer. 21/5/2013
Rebar Swings Between Gains, Losses as Investors Weigh Property Steel reinforcement-bar futures swung between gains and losses in Shanghai as investors weighed a rally in China’s stock market and positive data on home prices against high output and low raw material prices. 21/5/2013
Copper Declines for First Day in Three on China Demand Concerns Copper dropped for the first time in three days on speculation that China will continue to curb its property market, reducing demand from the world’s biggest consumer. Tin, lead and zinc also fell. 21/5/2013
Silver Plunges to Lowest Since 2010 as Gold Drops for Eighth Day Silver slid to the lowest since September 2010, sending its ratio to gold to the highest in almost 33 months, while bullion extended the longest slump in four years as investment holdings contracted and stocks rallied. 21/5/2013
Bernanke’s Testimony Critical to Oil Prices The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. 21/5/2013

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