Wednesday, February 28, 2024

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Metals

Iron ore rebounds on renewed hope of China stimulus

Iron ore futures prices rebounded on Thursday, aided by renewed hope of further stimulus from top consumer China following a speech from a state...

Iron ore futures prices retreat amid weak China data

Iron ore futures prices retreated on Wednesday as weak economic data from top consumer China weighed on investor sentiment. The benchmark February iron ore on...

Iron ore extends decline as mills’ pre-holiday replenishment slows

Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as steelmakers in top consumer China remained cautious...

Iron ore at one-week low on faltering demand, steel margins

Iron ore futures declined for a third consecutive session on Monday to hit their lowest level in a week, as some investors unwound long...

Dalian iron ore extends gains as hopes of stimulus, replenishment persist

Dalian iron ore futures rose for a fourth consecutive session on Thursday, underpinned by lingering hopes of further stimulus and restocking needs of steelmakers...

Iron ore climbs to multi-month high

Iron ore futures climbed to multi-month highs on Tuesday, with sentiment boosted by upbeat economic data in top consumer China and mounting expectations of...

Iron ore rises on upbeat Chinese industrial data, demand hopes

Dalian iron ore futures rose for the second consecutive session on Wednesday, as market participants reacted to robust industrial data amid expectation of economic...

Port Hedland Iron Ore Exports Down 5% In November

Pilbara Ports delivered a total monthly throughput of 61.5 million tonnes (Mt) for November 2023. This throughput was a four per cent decrease compared to...

Iron ore extends fall on weak data, sentiment

Iron ore futures extended losses on Monday, as some investors unwound long positions amid persistently weak data and fading hopes for more stimulus in...

Dalian iron ore slides on more weak data, sluggish restocking

Chinese iron ore futures extended declines on Thursday, as the market digested a lack of new stimulus measures and data showing weaker-than-expected bank lending...

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Safe Bulkers Posts Strong Q4 Results

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and twelve month periods ended...

Navios Partners Posts $1.3 Billion Revenues in 2023

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the fourth quarter and...

TORM Announces Pricing of USD 200m Senior Unsecured Bond

TORM has successfully priced USD 200m of senior unsecured bonds due 25 January 2029. The Bonds will carry a fixed coupon of 8.25%, payable semi-annually....

TORM capital increase in connection with delivery of MR vessel & LR2 vessel

With reference to Company Announcement no. 22 dated 09 November 2023 where TORM plc (“TORM") announced the acquisition of eight LR2 product tanker vessels,...

Marinakis sells stake in Capital Product Partners to Yoda

Cyprus-based Yoda has purchased a stake from Evangelos Marinakis-led Capital Maritime & Trading in New York-listed LNG carrier owner Capital Product Partners. Yoda, which invests...

Posidonia 2024: Navigating Uncharted Waters in the Face of Global Challenges

Posidonia 2024 is already on track to be the biggest ever in the long...

Wallenius Wilhelmsen: Multi-year contract with Korea’s leading construction machinery company

Wallenius Wilhelmsen recently signed a significant multi-year shipping contract with Korea’s leading construction machinery...

Baltic Index Climbs For Third Straight Session On Firm Rates For Larger Vessels

The Baltic Exchange’s dry bulk sea freight index gained for a third straight session...

Höegh Autoliners Signs EV Deal with Major Asian Manufacturer

Höegh Autoliners ASA has signed a new contract with a major East Asian car...

Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean

The re-routing of a growing number of ships around Africa to avoid potential attacks...

Major investment implemented by Piraeus Port Authority

The inauguration ceremony for the project “Completion of the Expansion of RoRo - Heracleous Port” took place at the Car Terminal of PPA S.A. It...

African Ports See Higher Refueling Demand as Vessels Round Cape

African ports from Namibia to Mauritius are becoming more popular as refueling stops for vessels shunning security threats in the Red Sea. The Namibian port...

Plaquemines Port, APM Terminals to develop major container terminal

Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals to build a state-of-the-art...

Piraeus registered historical high in cruise passengers last year

Piraeus has posted a new record in cruise passengers according to last year’s figures announced on Thursday, while another record is expected during 2024. According...

Sale of APM Terminals Castellón to Noatum Terminals Completed

After careful evaluation, APM Terminals has decided to divest its terminal facility in Castellón, Spain (APM Terminals Castellón) upon reaching an agreement with Noatum...