To: Sultan who wrote (6230) | 3/22/2021 11:10:33 PM | From: Sun Tzu | | | My understanding is that TKAT sells art via NFT but that they are no involved in it. Am I mistaken? I am looking for companies that actually maintain the network and/or have a stake in NFT platforms. |
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To: Sultan who wrote (6230) | 3/22/2021 11:38:16 PM | From: Sun Tzu | | | Let me ask the question differently: If I am a business, say TKAT, I have to be using some software to sell my stuff as an NFT. Who makes that software and maintains the network? |
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From: Julius Wong | 3/28/2021 10:29:14 AM | | | | Tanker stocks surge as Suez blockage hoists freight rates Mar. 26, 2021 1:51 PM ET Nordic American Tankers Limited (NAT) By: Carl Surran, SA News Editor 13 Comments
Tanker stocks are extending their gains thanks to the continued blockage of the Suez Canal, as the chaos is expected to raise transportation rates.
Gainers are led by Nordic American Tankers ( NAT +14.2%), where a board member also bought 50K shares at $3.69 each.
Also: TK +11.9%, FRO +6.8%, DHT +5.3%, TNK +5.2%, EURN +4.2%, DSSI +3.8%, STNG +2.9%.
Freight rates have jumped 20% for large LR2 oil product tankers traveling from the Mediterranean in mid-April, as vessel supply continues to decline, according to Bloomberg, citing Torm A/S, one of the world's largest owners of oil product tankers.
The TC1 shipping index benchmark for LR2 vessels from the Middle East to Japan has climbed by a third since last week to WS 137.5, thanks to a slim number LR2 vessels in the region available to load before April 12.
At least four LR2 tankers that might have been headed towards Suez from the Atlantic basin are now likely evaluating a passage around the Cape of Good Hope, Braemar ACM says.
The Suez blockage could cause a significant impact on the market for liquefied natural gas, potentially delaying delivery to Europe of ~1M metric tons of LNG if the blockage lasts for two weeks. |
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From: Julius Wong | 3/29/2021 9:15:17 AM | | | | ArcelorMittal raises flat steel price offers for third time this month - Platts Mar. 26, 2021 2:38 PM ET ArcelorMittal (MT) By: Carl Surran, SA News Editor 18 Comments
Steel stocks are marching higher as ArcelorMittal ( MT +7.0%) raises prices for hot-rolled coil offers to €900/mt and hot-dipped galvanized offers to €1,500/mt across Europe, S&P Global Platts reports.
The fresh increase from €850/mt for HRC and €970/mt for HDG is the third this month and comes just a week after the last price hike, as Europe continues to cope with demand that is outpacing supply and no cheap import offers.
Also: X +8.2%, CLF +6.9%, NUE +6.6%, STLD +4.8%, SLX +3.4%.
Steel supply and demand have been off balance since Q3 2020, as rising demand after pandemic-related closures outpaced the mills' ability to ramp up. |
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