Where is liner shipping heading?
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- Category: Mercados - Fletes- Cotizaciones
- Published on Sunday, 15 June 2014 18:44
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THERE are two incompatible but widespread views on today's liner shipping industry. One is that it is a highly efficient money-making machine that is increasingly dominated by a few players, to the
detriment of cargo owners and, ultimately, consumers. The other is that, despite continual efficiency gains, unregulated competition and resulting overcapacity prevent the
China Steel Game Changer ‘Good News’ Says World’s Biggest Mill
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- Published on Sunday, 15 June 2014 18:41
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ArcelorMittal (MT), the world’s largest steelmaker, welcomed the potential removal of a near 10-year block on overseas takeovers in China’s steel industry.
ArcelorMittal is one of the few foreign steelmills with investments in China since the ban on overseas control was imposed in 2005. The world’s top producer and consumer is considering scrapping the ban which may be a catalyst for global mills to revive a push into China’s $423 billion steel sector where demand is seven times greater than in the U.S., the next biggest market.
“It’s good news that the government is moving forward on reforms and liberalization on foreign investment,” Lakshmi Mittal, the billionaire chief executive officer of ArcelorMittal, said in an interview
Markets Live: Iron ore, Iraq sparks sell-off
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- Published on Sunday, 15 June 2014 18:38
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Miners led the market lower on a slumping iron ore price, while conflict in Iraq spooked investors but pushed gold, energy stocks and the Aussie higher.
Vale Proves Too Rich for Barclays on Iron’s 30% Plummet
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- Published on Sunday, 15 June 2014 18:34
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Jun 9, 2014 8:46 PM GMT+0200
The biggest drop in iron-ore prices in five years is a signal to Barclays Plc and Seaport Group thatVale SA (VALE5)’s outperformance in the bond market is about to end.
The $2.25 billion of bonds due 2022 returned 9 percent in the past six months, exceeding the 7.4 percent average gain for notes from emerging-market mining companies with investment-grade ratings. The Vale bonds yield 4.06 percent, the least relative to similar securities from London-based Rio Tinto Group since September, data compiled by Bloomberg show.
Vale, which gets about 95 percent of earningsfrom its ferrous business, posted a bigger-than-forecast drop in first-quarter profit after selling its ore for 25 percent less than the