Commodities
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Greater China
New Noble hints at UK move as part of restructuring
Embattled Hong Kong commodities trader Noble Group has managed to sign a binding restructuring support agreement (RSA). The proposed restructuring,…
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Asia
Noble posts largest annual loss recorded on the Singapore Exchange
Noble Group chalked up an unfortunate record yesterday, posting the largest annual net loss of any Singapore-listed company ever. Once…
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Greater China
Noble secures lifeline despite impending $5bn loss
Embattled Hong Kong commodities house Noble Group has reached a deal with senior creditors and ING as fronting bank for…
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Greater China
Noble Group denies it is enriching management at expense of shareholders
The board of directors of embattled Noble Group has responded to criticism from shareholder Goldilocks Investment Company which has suggested…
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Greater China
Noble reaches deal with creditors
Commodities firm Noble Group has come to an agreement with creditors to restructure $3.5bn of its debt in exchange for…
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Greater China
Caravel’s Banga on the consequences of Beijing’s heavy industry crackdown: Splash TV
China’s crackdown on polluting heavy industries this winter needs to be watched by dry bulk owners in the coming months,…
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Greater China
Iceberg Research urges for management clear-out at Noble Group
In an open letter to Noble Group’s creditors, Iceberg Research has called for a clear out of top management to…
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Asia
NS United fixes VLOC deal with Vale
Japanese owner NS United Kaiun Kaisha (NSU) has fixed another deal with Brazilian miner Vale and will order a very…
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Greater China
Ningxia Tianyuan Manganese to enter shipowning with newbuild bulker spree
Chinese manganese ore producer Ningxia Tianyuan Manganese is going to enter the shipowning sector with plans to build a fleet…
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Contributions
China’s water and pollution transfer
Jeffrey Landsberg from Commodore Research suggests politicians in Beijing will play into shipowners’ hands. As China continues to modernise, its…
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Greater China
Noble Group holds talks with stakeholders in survival bid
Embattled Noble Group, a Hong Kong commodities trader, has commenced discussions with various stakeholders regarding potential options to address the…
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Greater China
DBS ditches troubled Noble Group
Embattled Hong Kong commodities trading house Noble Group has lost the support of another key bank, Bloomberg is reporting today.…
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Greater China
Noble Group sells oil trading business to Vitol
Having completed the sale of its gas and power business earlier this month, Hong Kong commodity trader Noble Group has…
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Greater China
China cancels one third of domestic iron ore mining licenses
In an important fillip for capesize owners, China is cancelling roughly one third of its domestic iron ore mining licenses,…
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Greater China
Shenhua Group and Guodian Group announce merger
Marking Chinese Valentine’s Day yesterday, two major state-run power groups China Shenhua Group and China Guodian Corporation have announced that…
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Dry Cargo
Trading houses return to shipowning
2017 is likely to be viewed in hindsight as the year major trading houses returned to shipowning. A recent report…
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Asia
Singapore authorities warn Noble could face legal action
The Singapore Exchange (SGX) has responded to yesterday’s outburst from Iceberg Research, a Hong Kong outfit, which claimed the bourse…
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Asia
SGX regulators lashed for ‘spectacular failure’ surrounding the rise and fall of Noble Group
Iceberg Research, the organisation that triggered the downfall of Asian commodities giant Noble Group, has issued its first report in…
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Greater China
China on track to hit 1bn tons of iron ore imports for the year early
China is on track to hit the 1bn ton mark of iron ore imports much earlier this year than in…
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Greater China
Noble Group extends key debt deadline
Hong Kong-based commodities giant Noble Group said in a release today it has extended a key debt deadline and is…
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