Shares Kongsberg Gruppen are up about 4.5% after the Norwegian defence equipment maker’s Q1 earnings beat estimates, helped by European defence spending. It posted Q1 EBITDA soaring 81% to NOK 3.29 billion ($317.39 million) year-on-year. DNB expected EBITDA to end at...

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Iron ore prices dropped on Thursday, as traders weighed prospects of weakening demand amid fresh expectations of crude steel output cuts in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade...

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Teekay Tankers Ltd. reported the Company’s results for the quarter ended March 31, 2025. As a result of the Company’s acquisition of Teekay’s Australian operations and management services companies (collectively, the Acquired Operations) on December 31, 2024,...

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Spot fuel oil differentials edged marginally higher in Asia on Thursday, while onshore inventories in Singapore extended declines. High sulphur fuel oil (HSFO) cash differential traded into narrower discounts of $1 a metric ton to cargo quotes, though market sources...

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U.S. container imports surged in April as companies raced to avoid President Donald Trump’s tariffs, which now include a 145% duty on goods from China, but executives at the country’s two busiest ports said the trend looked set to reverse in May. April container...

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