U.S. agency submits uranium import probe to White House
Washington - The U.S. Commerce Department told Reuters Monday it has submitted the results of a national security investigation into uranium imports to the White House.
Commodities
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Capesize values under pressure
London - VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher
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Arrest of local leader in Peru deepens deadlock over copper road blockade
Lima - An indigenous community in Peru will not take part in negotiations aimed at ending its blockade of a road used by Chinese copper miner MMG Ltd until its leader is freed from jail.
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OPEC to scrap April meeting but keep oil cuts in place
Baku - Falih says too early to decide H2 output policy in April. U.S. sanctions on Iran and Venezuela key factors.
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Rationalisation in the car industry to boost container shipping
London - The rationalization and closure of overseas locations by various auto-makers could boost the car carrier market. Container shipping could take advantage from these closures
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U.S. working on steel, aluminum tariff relief for Mexico, Canada
Washington - The United States is working on a plan to lift tariffs from Mexican and Canadian steel and aluminum but preserve the gains that domestic producers have received from the duties so far.
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China launches freight train to boost e-commerce
Zhengzhou - China added a new route to its China-Europe freight train service, as a freight train made its maiden trip from Zhengzhou for Liege in Belgium on Saturday
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Grounded bulker spills fuel oil on reef
Guadalcanal - The grounded bulker “Solomon Trader” has spilled an estimated 60 tonnes of fuel oil onto a sensitive reef on Rennell Island, the southernmost island in the Solomons. She has an estimated 600 tonnes remaining on board, raising the possibility of additional pollution before salvage efforts are completed
