Sincere Navigation's (TPE:2605) Singapore unit will sell the very large crude carrier (VLCC) "Maxim" for $82.5 million, according to a Monday Taiwan Exchange filing.
The 296,888-deadweight-ton vessel will be sold to Mediterranean Shipping.
The transaction is expected to be completed between January and February 2027, and is projected to generate a disposal gain of about $9.8 million.
The sale is part of the marina transportation company's vessel replacement strategy, it said.
Workers at bio firm Celltrion (KRX:068270) have formed a labor union, with a view to have compensation transparency, according to a report by the Yonhap News Agency on Monday.The union aims to increase staffing and improve employee benefits, the report said.Meanwhile, the company plans to respond to the formation in "good faith", the report added.(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.)
Viridis Mining and Minerals' (ASX:VMM) non-binding Letter of Intent with Solvay is arguably the "most significant" development for the Colossus project to date, according to a Tuesday Euroz Hartleys note.The company on Tuesday said it entered into a nonbinding letter of intent with Solvay regarding the proposed supply of mixed rare earth carbonate (MREC) from its Colossus rare earth project in Brazil.The development is a transformational catalyst for the company, the note said, as it added that Solvay is targeting supplying 30% of the European market for magnet metals by calendar 2030, with Colossusevidently selected as Solvay's preferred source of MREC from calendar 2028.Euroz Hartleys maintained a speculative buy rating on Viridis Mining and Minerals and a price target of AU$5.The company's shares fell 8% in recent Tuesday trade.
Euroasia Total Logistics (BKK:ETL) said its chief executive officer, Pornchai Daungkeowuttikri, has resigned, effective July 1, due to health reasons.The company has put in place a succession plan to ensure business continuity and limit operational disruption following the leadership change, according to a Tuesday Thailand Exchange filing.The board will appoint a successor by June 30, it said.