Shipping Up More

Bad and strange sale, quite below what we are seeing. C. Innovator and C. Progress, scrubber fitted 2012 VLCC, has been sold for $60.3m And even more so if we take into account that C. Progress was bought 9 weeks ago by Pan Ocean for $67.6m Source: Xclusiv #tankers

SENATE CONFIRMS KEVIN WARSH TO FEDERAL RESERVE BOARD IN 51-45 VOTE

Heliostar Presents Record Quarter with Release of Q1 Results Highlights: ✔️Produced 11,743 oz Au, and 43,798 oz Ag ✔️Cash cost of $1,602 /oz and AISC of $1,996 /oz ✔️Average Au sale price of $4,850 /oz ✔️Mine operating earnings of $30.9 M; net income of $14.0 M; $4.6 M of exploration expenses and $4.8 M advancing Ana Paula ✔️$11.7 M in sales receivables Read the full details: bit.ly/3RznUWs

FED RATE HIKE ODDS SURGE IN PREDICTION MARKETS Prediction markets now price a 53% chance of a U.S. Federal Reserve rate hike before July 2027, with odds jumping sharply in recent trading. With the next policy window just 49 days away (June 30), activity has picked up fast Traders are now split on timing: will the Fed move sooner than expected, or wait longer? kalshi.com/markets/kxfedh…

Q1 2026 delivered record financial results across key metrics, reflecting continued strong execution across the operation. Highlights include: • Record revenue of US$236.3M (+63% YoY) • Record cash and cash equivalents of US$287.0M, including a record US$242.6M net cash position • Record quarterly net income of US$116.6M (+66% YoY) • Record operating cash flow (before working capital adjustments) of US$132.9M and EBITDA of US$179.9M (+64% and +68% YoY, respectively) • Production of 46,743 oz AuEq, in line with budget (44,022 oz Au, 1,696,714 lbs Cu, and 38,845 oz Ag) • Ore processed of 142,017 tonnes (+37% YoY) at a head grade of 10.9 g/t AuEq (10.2 g/t Au, 0.6% Cu and 11 g/t Ag) 🗣️ John Lewins, K92 Chief Executive Officer and Director, stated: “We are very pleased to deliver record financial results in the first quarter, reflecting continued strong execution across the operation. The Stage 3 Expansion process plant performed well in its first full quarter following completion of commissioning in December, with gold recoveries exceeding the Updated DFS by 2.5% and copper recoveries in line." Key underground milestones were achieved in Q1, including the connection of all mining fronts to the Twin Incline and consecutive monthly development records in March (1,067m) and, subsequent to quarter end, April (1,109m), with development rates now exceeding the Stage 3 Expansion requirement of 1,000 metres per month. With 96% of Stage 3 growth capital spent or committed and the project on budget, we remain focused on executing our growth strategy, advancing Stage 4, and increasing our exploration investment by more than 50% year-over-year. We expect production to be the strongest in the second half of 2026, with full-year production guidance reiterated at 190,000–225,000 oz AuEq. 🔗 Full results: loom.ly/PhhjUC8 $KNT $KNTNF

Source: Xclusiv

What the ****!!! Gladiator, a 18yrs old Suezmax, sold for... ¡¡¡$65m!!! $NAT $ECO $FRO $TNK $INSW #tankers

Ningbo Containerized Freight Index May 08, 2026 East America: +7.4% West America: +7.8% Europe, Mediterranean routes and East South America route: around +25%

Excellent news from P2Gold #PGLD Increasing throughput to 12-14 Mtpa. Year 1 and 2 they will operate at 14Mtpa, implement mill year 3. Upcoming FS will be a monster! newswire.ca/news-releases/…

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It doesn´t sound very good

New EU rules will provide a legal channel for recycling shadow fleet tankers, according to industry participants and analysts, even though their actual impact could be limited by the complex international sanctions network. In its 20th sanctions package against Russia, adopted April 23, Brussels announced an exemption for companies to deal with EU-sanctioned ships if they were to be sent to scrapyards. "The scrapping clause is a constructive addition," Dimitris Roumeliotis, a research analyst at Xclusiv Shipbrokers, told Platts, part of S&P Global Energy. "Ιt creates a legitimate pathway for vessels to exit the shadow fleet through recycling." #oott spglobal.com/energy/en/news…

What a sale by Torm! 🔥 2010 scrubber LR2 Torm Ganga for $53m 🤑 $TRMD #tankers Source: Advanced

Gibson Tanker Market Report 05/08/26 Clean-to-Dirty gibsons.co.uk/report/clean-t…

US Secretary of State Marco Rubio says Washington is expecting a response from Iran today (Friday)

"Some sources say some of the sounds were related to operations by the IRGC Navy to warn certain vessels about unauthorized passage through the Strait of Hormuz. But efforts to determine the exact and full source of the sounds are still ongoing," IRGC-affiliated Tasnim reports.

Cabral Gold reports another strong batch of infill drill results from the MG #gold deposit at the Cuiú Cuiú district in Brazil 🇧🇷 Highlights from today’s release include: • 46m @ 1.25 g/t Au from surface • 30m @ 1.45 g/t Au from surface • 19m @ 1.80 g/t Au from surface • 23m @ 1.43 g/t Au from surface Results continue to align with the July 2025 PFS block model and support increased confidence in the near-surface oxide resource targeted for the early years of mining. The ongoing infill program is reducing drill spacing in higher-grade zones from 25m x 25m to 12.5m x 12.5m to further de-risk reserves and mine planning. Additional milestones: ✔ 133 infill holes completed to date ✔ 65 holes drilled in under a month ✔ Drill fleet expanded to 6 rigs ✔ Exploration activity and news flow significantly increasing Cabral has also increased the number of drill rigs on site from three to six, including two RC rigs and four diamond drill rigs. This effectively doubles its exploration drilling program bit.ly/4uzuAST $CBR.v $CBGZF

Officials Warn Trump’s Public Remarks Could Hinder Iran Peace Talks - Politico Arab and U.S. officials say President Trump’s frequent insults toward Iranian leaders may complicate efforts to end the war. While Trump seeks a resolution, negotiators note that Iran must also save face for cultural and political reasons. Former U.S. ambassador Michael Ratney advised that Trump should refrain from public statements, letting envoys handle negotiations to avoid undermining diplomacy, according to interviews with current and former officials. (mktnews.com/flashDetail.ht…)

TRUMP: NEVER A DEADLINE FOR IRAN, THE DEAL WILL HAPPEN BUT NOT SET A DEADLINE

COINBASE: 24/7 GOLD & SILVER FUTURES IN US COMING SOON