The National Shipping Co of Saudi Arabia (SASE:4030), d/b/a Bahri, confirmed that its SIDR vessel was involved in a security incident while passing through the Strait of Hormuz on Monday.
The shipping company said in a Wednesday post on X, formerly Twitter, that two of the vessel's seafarers died due to the incident.
Bahri noted that it remains in contact with the vessel and is coordinating with the relevant authorities and industry stakeholders as it closely monitors the situation.
BW LPG (BWLPG.OL) commenced an offering of $300 million in senior unsecured convertible bonds due Sept. 9, 2031, on Tuesday, according to a same-day release.Scheduled for issuance and settlement on Sept. 9, 2026, the bonds are expected to have an annual coupon rate between 2% and 2.50%, with the initial conversion price at a premium in the 35% to 40% range above the share reference price, subject to customary adjustments.The final terms will be determined after the accelerated bookbuild process. The liquefied petroleum gas vessel owner and operator will have the option to redeem a portion or all of the bonds after Sept. 30, 2029.Net proceeds from the offering will be used to partially finance the construction of eight Panamax very large gas carriers with Hyundai Heavy Industries and for general corporate expenditures.
Coinbase co-founder Fred Ehrsam is seeking control of at least three Venezuelan oil fields, Bloomberg reported Tuesday, citing people familiar with the negotiations.The fields, operated by Alvorada Heavy Industries Ltda in Venezuela's Orinoco Belt, are under contracts US officials are considering revoking, the sources said, according to the report.Additional Venezuelan oil contract changes are expected this week when US Energy Secretary Chris Wright visits Caracas, Bloomberg said.Coinbase and The White House did not respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Methanex (MEOH) said Tuesday it has agreed to sell substantially all of its New Zealand natural gas contractual entitlements, effective the first quarter of 2027 through the end of the decade.As a result, Methanex expects to indefinitely idle its New Zealand production facilities in the first quarter of 2027, the company said.The company cited continued decline in domestic natural gas availability and a lack of clear pathway to new supply, adding that it does not expect material cash costs from the decision, and any updates to production or financial guidance will be released with its regular quarterly communications.