Hafnia prices were mixed on Wall Street ahead of the inflation numbers – with Hafnia down nearly 6 percent in its New York debut

Hafnia prices were mixed on Wall Street ahead of the inflation numbers – with Hafnia down nearly 6 percent in its New York debut

I mentioned Monday Spirit Airlines The company will postpone the delivery of new aircraft and lay off about 260 pilots in an attempt to increase liquidity. According to CNBC, the deferred deliveries of Airbus aircraft are expected to increase the low-cost company's liquidity by about $340 million over the next two years. The pilots' layoffs will take place in September.

On Tuesday, the stock rose 4.1 percent after rising 6.6 percent on Monday.

Chip manufacturer Intel Corporation On Tuesday it showed off its latest Gaudi 3 AI chips, which should be 50 percent more powerful than the equivalent chip from rival Nvidia. This happens at the same time that energy consumption is lower. This news pushed the stock to rise by 0.9 percent.

Another chip maker, Arm Holdings, started the day up nearly 5 percent, before the balloon deflated. The stock closed down 1.9 percent.

Vaccine manufacturer accident Put on a handsome 6.2 percent then Reuters Positive results have been reported in the early stages of the company's new cancer treatment

shipping

Products carrier company Hafnia which rose with Pentagram On the Oslo Stock Exchange for just over two years, its first day of trading on the New York Stock Exchange was Tuesday. Prior to this, it was announced that the dividend policy would be strengthened, against the backdrop of the recent strong market for product tanks.

But that was not enough to convince investors, and the stock closed down 5.4 percent on the first day of trading.

We also take into account that there is another shipping company within the BW Group, which is the Oslo-listed gas shipping company liquefied petroleum gasOn Monday, it announced plans to go public in the United States.

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Arctic Securities came out on Tuesday with a very upbeat sectoral update for the tanker market, as prices for large VLCC vessels are expected to “explode”. This is due to the increase in barrels of oil on the market in the future, while fleet growth will be very low in the coming years.

However, there was little optimism in the stock market. both of them Front line And DHTTheir shares, both heavily exposed to blue-chip stocks, fell more than 1 percent on Tuesday. Frederiksen shares closed down 1.8 percent, while DHT shares fell 1.2 percent.

Eurohub which was summoned to the Antwerp District Court by FourWorld Capital Management on the basis of the master deal with John Fredriksen and Frontline last October, fell by 0.8 percent.

The dry freight sector has been very strong in recent months, but now the party may soon be over. Golden oceanWhich could be severely affected if the La NiƱa weather phenomenon occurs, decreased by 0.5 percent. However, it rose 0.4 percent from the close in Oslo Bors.

Another Norwegian player in dry shipping, Himalaya Shippingdecreased by 2.5 percent, down 0.9 percent from the close in Oslo Bors.

oil

Brent crude fell 1 percent on Tuesday to $89.49 a barrel. US West Texas Intermediate crude fell 1.2 percent to $85.31 a barrel. barrel.

Commodities trading giant Vitol expects crude oil prices to range between $80 and $100 per barrel this year, supported by strong demand growth, Bloomberg reported.

Of oil producers fell ConocoPhillips 0.2 percent, while Exxon Mobil rose 0.3 percent. western It fell 0.2 percent Chevron It rose 0.5 percent Schlumberger rose 0.2 percent

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Dalila Awolowo

Dalila Awolowo

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