Sunday, October 1, 2023

Metals

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Metals

Iron ore slumps as China production cuts spark fears of demand drop

Dalian and Singapore iron ore futures slipped on Monday as traders became cautious of faltering demand after China’s top steelmaking hub Tangshan ordered local...

Dalian iron ore scales 15-week peak on China stimulus hopes

Dalian iron ore futures climbed to their highest levels in 15 weeks on Thursday, underpinned by renewed optimism around prospects of further stimulus to...

Dalian iron ore hits fresh three-month high despite weak China industrial data

Dalian and Singapore iron ore futures continued uptrend on Wednesday, but gains narrowed as some investors retreated to the sidelines on weak industrial data...

China’s May coal imports from Australia recover to pre-ban levels

Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroeconomic backdrop...

Iron ore dragged down by falling steel prices

Dalian and Singapore iron ore futures fell on Monday after last week’s gains, weighed down by softening steel prices due to sluggish demand and...

Port Hedland Iron Ore Exports on the Rise During May

Pilbara Ports Authority has delivered a total monthly throughput of 62.5 million tonnes (Mt) for May 2023. This throughput was a one per cent increase...

Dalian iron ore hits 11-week high on China stimulus prospects

Dalian and Singapore iron ore futures rose for a third session on Thursday, as weaker-than-expected industrial growth in top steel consumer China cemented views...

Iron ore rebounds on China monetary stimulus, bets on more measures

Singapore and Dalian iron ore futures rebounded on Tuesday as market sentiment improved after the central bank of the world’s top steel producer lowered...

Iron ore extends rally as China stimulus hopes persist

Iron ore futures climbed on Thursday, with the Dalian benchmark hitting a fresh seven-week high, while prices in Singapore rose for a seventh straight...

Iron ore hovers near seven-week high on hopes for China stimulus

Benchmark iron ore futures rose on Wednesday, hovering near seven-week highs, with traders clinging on to hopes for more stimulus from China as gloomy...

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Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

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

Baltic index scales 11-month peak on strong capesize rates

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

Baltic index scales over 9-month high on capesize surge

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

Baltic index rises to over 4-month high on stronger capesize rates

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

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...