Wednesday, May 6, 2026

Metals

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Metals

EGC and Trafigura ship copper and cobalt to global markets via the Lobito Atlantic Railway

Entreprise Générale du Cobalt and Trafigura have agreed the first delivery of copper and cobalt to global markets via the Lobito Atlantic Railway, marking...

Australian Ports closed due to Cyclone Mitchell

Tropical Cyclone Mitchell intensified on Sunday, Australia’s weather bureau said, as it tracked towards the country’s remote northwest, home to the world’s biggest iron-ore...

Rio Tinto and Glencore abandon merger plan

Further to the announcement of 8 January 2026, Rio Tinto plc and Rio Tinto Limited confirm that Rio Tinto is no longer considering a...

Iron ore futures extend losses as Rio Tinto reports rise in quarterly shipments

Iron ore futures fell for the fifth straight session on Wednesday as Rio Tinto, the world’s top supplier, reported strong iron ore shipments in...

Iron ore falls on demand concerns following accident at Chinese steel mill

Iron ore futures fell for a fourth session on Tuesday, as an accident at a Chinese steel factory triggered concerns over demand for the...

Bahri and Hadeed sign letter of intent to explore collaboration in maritime transport solutions

The National Shipping Company of Saudi Arabia (Bahri) and the Saudi Iron & Steel Company (Hadeed) have signed a Letter of Intent to explore...

Iron ore retreats as hot metal output falls in China

Iron ore futures retreated on Thursday as hot metal output fell in top buyer China amid a slow resumption of production after the New...

Dalian iron ore firms as China’s ore imports, steel exports hit record highs

Dalian iron ore futures edged up on Wednesday after China reported its highest ever monthly imports of the steelmaking ingredient and record-high steel exports. The...

Mercuria redoubles metals push with $1.2 billion Kazakh deal

Mercuria Energy Group Ltd. is lending $1.2 billion to help fund the buyout of major Kazakh copper producer Kazakhmys, the latest in a breakneck...

Iron ore rallies to multi-month high as China pledges to ease monetary policy

Iron ore futures rallied on Wednesday to their highest in multiple months, boosted by hopes of improving demand in top consumer China following Beijing’s...

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Scorpio Tankers announces financial results for the first quarter of 2026

Scorpio Tankers Inc. reported its results for the three months ended March 31, 2026. The Company also announced that its board of directors has...

Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

South Korea’s HMM says ship set ablaze in Strait of Hormuz to be towed...

South Korean shipper HMM, opens new tab said on Wednesday it had secured a...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...