Monday, June 5, 2023

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Metals

Iron ore leaps on renewed hopes for steel demand revival in China

Iron ore futures rebounded strongly on Monday, with the Singapore benchmark climbing back above $100 a tonne after a downbeat start to the week,...

China’s manufacturing wobble may drive coal use even higher

China is already on track to emit the most coal-fired power emissions in history in 2023, but may now push coal use up another...

Iron ore slump deepens on China demand worries, ample supply

Iron ore futures slumped to fresh four-month lows on Monday as weak steel demand in China prompted a production slowdown, while major miners’ latest...

Port of Hedland Iron Ore Exports 2% Down in March 2023

Pilbara Ports Authority has delivered a total monthly throughput of 62.1 million tonnes (Mt) for March 2023. This throughput was a three per cent increase...

Vale’s first-quarter iron ore output grows 5.8%

Brazilian miner Vale SA reported on Tuesday a 5.8% year-on-year increase in first-quarter iron ore production, boosted by its key S11D project. The company produced...

Iron ore hits one-week high on better-than-expected China growth

Dalian and Singapore iron ore futures climbed to one-week highs on Tuesday, as better-than-expected economic growth in China for the March quarter boosted investor...

Iron ore retreats on disappointing steel demand data

Dalian and Singapore iron ore futures retreated in afternoon trade on Thursday after weaker-than-expected steel demand data disappointed the market. Output of construction steel products,...

Iron ore extends losses on weak steel demand, China intervention fears

Dalian and Singapore iron ore futures fell for a second session on Tuesday, pressured by higher shipments, weak steel demand in the traditionally peak...

Iron ore slides on regulatory crackdown fears, weather disruptions

Dalian and Singapore iron ore futures dropped on Monday, as traders worried about further government intervention in the market after last week’s rally. Talk in...

Iron ore snaps losing streak, but China demand jitters linger

Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders’ disappointment particularly over tepid demand for construction steel products in...

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BW LPG appoints new CFO

BW LPG announced that it has appointed Ms Samantha Xu as Chief Financial Officer (CFO), effective 1 September 2023. Ms Xu has over 20 years...

Frontline Posts Highest First Quarter Results Since 2008

Frontline plc reported unaudited results for the three months ended March 31, 2023: Highlights Highest first quarter profit since 2008 of $199.6 million, or $0.90 per...

Diana Shipping posts slightly lower Q1 profit; takes out $123m in loans

Diana Shipping reported net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023....

CMA CGM Profit Eases as Container Transport Demand Wanes

CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx...

Seanergy ‘well positioned to benefit from positive trend in Capesize market’

Seanergy Maritime Holdings Corp., announced its financial results for the first quarter ended March 31, 2023, and declared a quarterly dividend of $0.025 per...

Taiwan Shipping Firms Set to Hand Out Bumper Bonuses Again

Taiwanese shipping companies are handing out bumper mid-year bonuses despite a slump in global...

Baltic index hits over 3-month low amid lower coal imports

The Baltic exchange’s main sea freight index extended losses for the 15th session straight...

Baltic index falls for the month as vessel demand wanes

The Baltic exchange’s main sea freight index recorded its first monthly decline in four...

North Korea missile tests endanger shipping, UN maritime agency told

North Korean missile tests are endangering the safety of commercial shipping in busy sea...

Singapore Clamps Down on Tankers as Dark Fleet Grows

Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting...

DP World Completes Terminal Expansion Project Vancouver Port

DP World has completed the AED954 million ($259.78 million) Centerm expansion project, increasing container throughput at the Port of Vancouver by 60 percent. The terminal...

DP World completes AED 954 million Vancouver port expansion

DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World...

Alexandroupolis port gets 24 million euros of EU funding

Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern Aegean Sea port of Alexandroupolis, privatisation agency HRADF...

Port Hedland Iron Ore Exports Down 5% in April

Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) for April 2023. This throughput was a two per cent...

APM Terminals Reveals $1 Billion Investment in Brazil

APM Terminals’ CEO Keith Svendsen has pledged an investment of about US$1 billion in the company's Brazilian operations up to 2026. The amount includes around...