Vale Expects Jump in base Metal Performance in 2020

Brazil’s Vale, the world’s top iron ore producer,is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain effect this year and next while prices remain low, executives said. Chief Executive Fabio Schvartsman forecast a major jump for the segment in 2020. Base metals are
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The European Union sees little chance of relief from controversial U.S. metal tariffs before mid-2019 while aiming for a narrow trans-Atlantic trade deal to avert any extra American automotive duties, according to one of the bloc’s officials. The European Commission’s current talks with the U.S. to reduce trans-Atlantic market barriers for industrial goods should keep
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India’s ranking is expected to improve further in the World Bank’s Ease of Doing Business report this year on the back of reforms carried out by the Government, a top Government official said recently. The World Bank’s ‘Ease of Doing Business’ report is slated to be released in October. “We are optimistic that again we
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Flex LNG Limited., an emerging leader in the Liquefied Natural Gas (“LNG”) shipping, reports unaudited results for the three and six months ended 30 June 2018. Highlights for Second Quarter of 2018: -On 18 April 2018 Flex LNG entered into a 12 months time-charter agreement with Enel Trade S.p.A. (“Enel”). The time charter period of
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NAVI MUMBAI: Authorities at Jawaharlal Nehru Port Trust (JNPT) — which handles the majority of India’s container trade — are hopeful that truck turn times and overall productivity rates will improve substantially with the Sept. 1 scheduled completion of the final phase of gate automation upgrades at the port. State-owned Jawaharlal Nehru Port Container Terminal
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Overseas Shipholding Group, Inc. a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, reported results for the second quarter 2018. Highlights Net income for the second quarter was $3.1 million, or $0.03 per diluted share, compared with net income of $3.2 million, or $0.04 per diluted share,
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Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), reported its financial results for the three months ended June 30, 2018. Highlights for the First Quarter Fiscal Year 2019 -Revenues of $27.6 million and Daily Time Charter Equivalent (“TCE”)(1) rate for our fleet of $16,553 for the three months
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Nippon Yusen Kabushiki Kaisha (hereafter, “NYK Line”) announces that it has revised its forecast for the interim and full year consolidated financial results for the fiscal year ending March 31, 2019. The previous forecast was released on April 27, 2018. Revision of Forecasts for Interim and Full-Year Consolidated Financial Results Disparities between the revised forecast
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The Commerce Minister Suresh Prabhu recently said he is expecting around 20 per cent growth in exports in June. In May, exports recorded over 20 per cent growth and it looks like June will also be the same, he said. The Minister was addressing exporters on preparing strategy to add 100 billion dollar to India’s
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Cochin Shipyard expects its ongoing and upcoming expansion projects will help it free up more space for repairing large international vessels and double its revenue from ship repairing operations to Rs 12 billion in the next three years. The company, which is expanding its ship repairing capabilities to Mumbai and Kolkata, is also looking at
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