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Elon Musk’s satellite, space and artificial intelligence company went public at $135 in June, and the shares have been on a roller coaster ride ever since, shooting up to $225 in the first days of trading and then plunging below the offering price.
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West African crude oil price differentials held steady on Monday as market participants reviewed spot tender offers from Nigeria’s NNPC for September-loading cargoes.
• Grain exports via the Sea of Azov have been completely halted: As a result, Kpler estimates as much as 6.5 Mt of Russian wheat export potential could be lost in H2 2026.
Soybean futures traded around $11.7 per bushel, holding near a four-week low as favorable growing conditions across the US Midwest outweighed renewed Chinese buying.
Samsung Heavy Industries achieved its commercial ship order target for this year early, continuing its order run focused on high value-added vessels.
The three major shipbuilders (HD Hyundai Heavy Industries, Hanwha Ocean, Samsung Heavy Industries) all posted double-digit operating margins in the second quarter.
ESL Shipping is planned to become an independent company and listed on Nasdaq Helsinki. ESL Shipping’s parent company Aspo announced today that the Board of Directors of Aspo has approved a demerger…