Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...
Tags: crude oil demand, power generation
US-based Dole Food has received a proposal from David H. Murdock, the company's chairman of the board and CEO, to acquire all of the outstanding shares of common stock which are not already owned by him in a deal which values the company at ...
The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...
Tags: Sweet Crude Market, Sweet Crude
Japan's Marubeni plans to begin transporting LNG from the US to South Korea via a joint venture with a major South Korean shipping group, the Nikkei newspaper reported Friday. The Japanese trading house and SK Shipping have jointly ...
Weakening crude refining margins and middle distillates cracks have led to low buying interest among Northeast Asian refiners for prompt May loading ESPO blend crude, trading sources said Thursday. Three to four of the 19 ESPO blend crude ...
Tags: Distillate Cracks, Chemicals
Japanese trading house Mitsubishi Corp began operations at its new coal trading desk in Singapore Monday as part of a wider restructuring of its commodities trading businesses, market sources said Tuesday. The Japanese trading house ...
Sumitomo and Tokyo Gas have concluded a natural gas liquefaction tolling agreement with Dominion Resources and signed heads of agreements to supply LNG from the US company's proposed Cove Point project in Maryland, the Japanese companies ...
US-based Dole Food has received clearance from the Chinese Ministry of Commerce to sell its worldwide packaged foods and Asia fresh produce business to Japanese trading house Itochu for $1.68bn in cash. The two companies had signed an ...
Tags: Dole Food, worldwide packaged foods, fresh produce business
Reportedly, Japan’s Mitsubishi Corp will invest a news trading unit in Singapore to emerging China and India market. The Japanese trading house will join the likes of Swiss merchant Trafigura and global miner BHP Billiton. ...
Tags: Mitsubishi Corp, Japan, Singapore, mining
US-based Dole Food has announced that it has received stockholder approval for the sale of its worldwide packaged foods and Asia fresh businesses to Japanese trading house Itochu for $1.685bn in cash. Currently, the deal has received ...
Tags: Dole Food, stockholder approval, packaged foods, food industry
Dole Food,a US-based producer and marketer of fruit and fresh vegetables,has posted a loss of$13.6m for the third quarter of 2012,an improvement from a loss of$47m in 2011. The narrowing down of the loss can be attributed to a gain ...
Tags: loss, asset sale, lower expenses
US-based Dole Food is in advanced talks with Japanese trading house Itochu over the sale of its packaged foods and Asian fresh fruit and vegetable businesses. Itochu could pay about$1.7bn for the businesses,reported Reuters citing sources ...
Tags: packaged foods, fresh fruit, vegetable