A recovery in the world shipping market is at hand? Actually, no, it is in the doldrums, or that at least is the general perception. In fact, the ClarkSea index - which typically tracks the broking profits of ship broker Clarkson - is at a two decade low. Nevertheless, the company has been taking costs out of the business and taking market share. As well, last year marked the first time, in a decade, that the amount of tonnage taken out of commission exceeded the amount comin [16 Apr '13]
Worries surrounding the global economy hammered equities worldwide on Monday after disappointing growth figures from China sparked a sell-off across commodity markets and the mining sector. [15 Apr '13]
Mining stock Petropavlovsk plunged after Citi downgraded the stock and cut its forecasts for gold. Other miners, including Bumi, Centamin, Ferrexpo, Hochschild and African Barrick Gold were also falling sharply. [15 Apr '13]
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. [15 Apr '13]
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