Pangaea reports Q2 time-charter equivalent rates 20% above market averages for Panamax and Supramax vessels. Pangaea Logistics Solutions secured 4,051 shipping days in Q2 at a time-charter equivalent (TCE) rate of $18,808 per day. The company cited strong demand and operat
American Ocean Minerals Corporation (AMOC) and Odyssey Marine Exploration have moved forward with their planned merger by filing a registration statement on Form S-4 with the US Securities and Exchange Commission (SEC). The proposed merger agreement, signed last month, val
SU Group priced a $6M securities offering, triggering a 28% decline in its stock price following the announcement. SU Group (SUGP) priced a public offering of securities for gross proceeds of $6M, excluding agent fees and expenses. The move aims to bolster the company’s ca
Increased crude shipments aim to boost energy sector profits but gasoline prices remain elevated at $4.504 per gallon. Ships are arriving at Texas and Louisiana ports to load US crude, signaling a rise in oil exports. The development is expected to support domestic drillin
The new PRPC 330 UV machine enables single-pass printing, die-cutting, and finishing for short-to-medium-run label production. India-based Arty Labels has installed a PRPC 330 UV digital inkjet press from Packnology at its production facility. The machine supports printing
Trump rejects Iran’s latest proposal on sanctions and nuclear terms, escalating risks to oil shipping in the Strait of Hormuz. President Donald Trump dismissed Iran’s response to a US-backed de-escalation plan as unacceptable, heightening tensions in the Strait of Hormuz.
Investors await after-hours results from 35 companies, including key players in energy, mining, and clean tech sectors. Oklo (OKLO), Franco-Nevada Corporation (FNV), and Denison Mines Corp. (DNN) are set to release earnings after Tuesday’s market close. The reports cover s
Tehran now claims a broader area of the critical oil chokepoint, raising risks for shipping and energy markets. Iran has formally expanded its definition of the Strait of Hormuz, designating a significantly larger area as under its control. The move was announced by the Is
- The UK bond market tumbled, driving long-term bond yields back to the highest in nearly three decades, as speculation over Keir Starmer’s future as prime minister renewed concern about the weakened state of Britain’s finances. Most Read from Bloomberg Gilts fell across t
By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE, May 12 Investors expect U.S. President Donald Trump and his Chinese counterpart to keep trade tensions on the backburner when they meet in Beijing and say they are focused on the booming AI sector and whether the U.S. wi
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