Commodities
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Greater China
Noble founder Richard Elman sued by former CEO for $57m
Richard Elman (pictured), the founder of embattled Hong Kong commodities conglomerate Noble Group, is being sued by another of his…
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Greater China
China opens iron ore and oil derivatives to foreigners
China is set to open its iron ore futures market, the world’s most liquid, to foreign investors for the first…
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Americas
Porto Sudeste ordered to pay steel company $62.5m in arbitration case
Porto Sudeste, a port in Brazil’s Rio de Janeiro state, will pay a settlement of $62.5m to a unit of…
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Asia
MOL wins India coal deal
Japan’s Mitsui OSK Lines has signed a coal transport contract with Thermal Powertech Corporation Thermal Powertech, owned by Sembcorp Industries…
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Americas
Glencore makes Bunge takeover approach
Glencore, the mining and energy conglomerate, has made an informal takeover approach to the commodity company Bunge Limited. “Discussions may…
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Greater China
Beibu Gulf Port to develop terminal with Thai coal trader
China’s Beibu Gulf Port Group, the major port operator in Guangxi province, has signed a strategic cooperation agreement with Thailand’s…
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Middle East
Bunge and Bahri form dry bulk venture
Agribusiness giant Bunge is teaming up with one of the Middle East’s largest shipowners, Bahri from Saudi Arabia, to form…
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Asia
Sinochem in talks to take a stake in Noble Group
State-run Sinochem is in talks to take a stake in troubled commodities giant Noble Group. While not mentioning the Chinese…
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Contributions
Grainy days
Researchers from Affinity provide an overview of the impact of flooding in the heartland of Argentinian soybean production. It has…
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Americas
Norden scores 9-year wood pellet transportation contract with Pinnacle
Danish owner Norden has signed a 9-year contract with Canada’s Pinnacle Renewable Energy for the transportation of wood pellets starting…
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Dry Cargo
Storm damage closes Queensland coal terminal for weeks
Severe weather over the weekend has knocked out the shiploaded at New Hope Corporation’s Queensland Bulk Handling coal terminal just…
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Americas
Venezuela halts petroleum coke exports after burning cargo detected
Exports of petroleum coke from Venezuela’s state-owned Petro San Felix terminal were halted because of burning cargo detected on a…
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Contributions
China’s oresome 2016
China has confounded many analysts this year by taking in far more iron ore than predicted. Jason Jiang ponders what…
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Asia
JERA to acquire EDF Trading’s coal and freight business
Japanese energy company JERA has signed a non-binding agreement with EDF Trading, part of French energy giant EDF, for subsidary…
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Asia
Pan-United sells off shipping business
Singapore’s Pan-United Corporation, Singapore’s largest supplier of ready mixed concrete and cement, has entered into a sale and purchase agreement…
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Americas
California passes anti-coal terminal bill
The state of California has taken another step towards blocking construction or expansion of coal export terminals by banning state…
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Contributions
Chinese steel output likely to exceed expectations
A new report from Commodore Research shows some hope for beleaguered dry bulk owners. China’s economy has experienced a significant…
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Dry Cargo
China’s Baosteel and WISCO plan merger
Baosteel and Wuhan Iron and Steel Corporation (WISCO), two major steel producers in China, have both suspended stock trading today…
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Dry Cargo
Noble Group’s Elman to retire
Concluding another tricky week for Hong Kong commodities trader Noble Group, its founder and chairman, Richard Elman has announced his…
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Dry Cargo
Noble appoints co-CEOs as Yusuf Alireza departs
Noble Group has appointed co-CEOs to take over the reigns of the company from Yusuf Alireza, who has resigned after…
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