The biggest iron-ore carriers ever built will be able to enter three Chinese ports, according to Vale SA (VALE3), the world's largest producer of the raw material used to make steel and owner of the vessels.
Starwood is working with Chinese developers including Greentown China Holdings Ltd and Dalian Wanda Group Co, according to the company. Starwood usually expands by securing hotel management contracts from property owners.
South Korea's STX Group isconsidering selling an additional 20 percent stake inSingapore-listed shipbuilder STX OSV , worth around 260billion Korean won ($240.5 million) in May or June, the companysaid on Friday.
China's Dalian Commodity Exchange will start trading of the world's first coke futures on Friday, providing a financialderivative tool for steel makers and coke producers to hedge another major steelmaking ingredient.