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Wednesday, April 17, 2024
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Iron Ore Falls As Investors Rethink China Stimulus Prospects After GDP Data

Iron ore futures fell on Tuesday, with the Dalian contract falling for the first session in seven, as investors reconsidered stimulus prospects from top...

Iron ore climbs to multi-week high on lower shipments, hopes of China stimulus

Iron ore futures prices extended their rise to hit the highest level in multiple weeks on Monday, bolstered by an obvious reduction in shipments...

BHP suspending China portside iron ore sales until April 22 for system upgrade

The world’s third-largest iron ore producer BHP Group BHP.AX will temporarily suspend portside sales in China for 11 days due to an internal system...

Russian oil and products trapped on tankers hit by new Iran-related sanctions

Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with fresh Iran-related sanctions, LSEG...

OPEC keeps forecasts for oil demand unchanged

Crude Oil Price Movements In March, the OPEC Reference Basket (ORB) value increased by $2.99, or 3.7%, m-o-m, to average $84.22/b. Oil futures prices averaged...

Iron ore drifts higher as soft China data triggers stimulus hopes

Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in...

Dalian iron ore rises but caution grows over China demand recovery

Dalian iron ore futures prices rose for a third straight session on Wednesday, aided by expectations that construction activity is picking up in top...

China’s first quarter coal imports surge, defying gloomy forecasts

China’s coal industry says it doesn’t expect imports to increase this year, but the evidence from the first quarter is that the appetite of...

Iron ore nears two-week high on stimulus bets, post-holiday restocking

Iron ore futures prices climbed on Monday to their highest in nearly two weeks, buoyed by hopes of potential measures to bolster the feeble...

Saudi Aramco reviewing its production operational plans

Energy firm Saudi Aramco is potentially reviewing operational strategies as the oil giant engages in discussions with drilling companies to suspend its offshore processes...

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IMF Sees Slow and Steady Growth of Global Economy

The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing...

Euronav And Anglo-Eastern Join Forces

Euronav NV and Anglo-Eastern Univan Group announced a Heads of Agreement for the sale and purchase of Euronav Ship Management Hellas (“ESMH”), Euronav’s ship...

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

TOP Ships Inc. an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced that it will transfer the listing of its...

C3IS INC. Announces Reverse Stock Split

C3IS INC. announced that its board of directors has determined to effect a one-for-one hundred (1-for-100) reverse stock split of the Company’s common stock,...

NYK to Issue Transition Bonds and Green Bonds Boosting Ship Fuel Conversion from a Financing Perspective

NYK will issue its 47th unsecured corporate bonds (transition bonds) and 48th unsecured corporate bonds (green bonds) in the Japanese domestic market in early...

Panama Canal Announces New Measures Regarding Number of Transits and Maximum Draft

The Panama Canal Authority has unveiled a series of measures aimed at optimizing transit...

Baltic Index Hits Near 3-Week High On Firm Demand Across Segments

The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level...

Maersk Makes no Deployment Changes After Vessel Seized in Strait of Hormuz

Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship...

Iran says MSC Aries vessel seized for ‘violating maritime laws’

A Portuguese-flagged cargo ship, the MSC Aries, was seized by Iranon April 13 for...

Baltic index steady as gains in smaller vessels counter weaker capsize

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Port of València export freights grow by 2.13% in March

Export freights from the Port of València stabilised in March and experienced a slight increase of +2.13%. This is reflected in the València Containerised...

Piraeus: Perama Ship Repair Zone Undergoes Upgrade

On Friday, April 5th, two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus. They are soon to be unloaded...

DP World & Rumo To Build New Grain And Fertilizer Terminal At Brazil’s Santos

DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million...

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding (MOU) with...

Piraeus Port Authority: New Revenue & Profit Highs in 2023

The Piraeus Port Authority S.A. announced its financial results for the fiscal year 2023. Total revenues reached €219.8 million, up by 12.9% or €25.2...