Over 60 empty supertankers head to US Gulf as Hormuz disruption persists

 

More than 60 empty Very Large Crude Carriers (VLCCs) are heading toward the US Gulf Coast to load American crude, according to shipping data, as disruption in the Strait of Hormuz continues.

Each vessel can carry around 2 million barrels of oil, positioning US exports to help supply Asian and European markets affected by the slowdown in Gulf shipments.

Traffic through the Strait of Hormuz remains well below normal levels, with limited transits and ongoing delays reported in the region.

Very cool seeing the wave of empty tankers heading to the US to pick up some desperately needed crude for Hormuz-starved markets.

All the tankers on the map below are empty VLCCs (~2 million barrel capacity each) currently heading for the US Gulf Coast. https://t.co/lU7GCy7olm pic.twitter.com/I7QidvD0Rz

— Rory Johnston (@Rory_Johnston) April 10, 2026

https://www.iranintl.com/en/liveblog/202604067622 

Soft drink producer Suja Life files for a $100 million IPO

 Suja Life, a producer of branded cold-pressed juices and other soft drinks, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

Suja Life is a beverage platform focused on functional and health-oriented drinks. Through its Suja Organic, Vive Organic, and Slice brands, the company sells cold-pressed juices, wellness shots, and functional sodas designed for different daily consumption occasions. Its portfolio spans products positioned around nutrition, immunity support, and better-for-you refreshment, with distribution supported by a vertically integrated cold-pressed beverage manufacturing facility in North America.

The Oceanside, CA-based company was founded in 2012 and booked $327 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol SUJA. Suja Life filed confidentially on November 17, 2025. Goldman Sachs, Jefferies, William Blair, BofA Securities, and Evercore ISI are the joint bookrunners on the deal.

Relevant Profile: SUJA

https://www.renaissancecapital.com/IPO-Center/News/118214/Soft-drink-producer-Suja-Life-files-for-a-$100-million-IPO

Neuropsychiatric therapeutics biotech Seaport Therapeutics files for a $100 million IPO

 

Seaport Therapeutics, a Phase 2 biotech developing therapies for neuropsychiatric indications, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

Seaport Therapeutics is a clinical-stage biotechnology company developing oral therapies for neuropsychiatric disorders, including depression, anxiety, and other central nervous system conditions. The company uses its proprietary Glyph platform, a lymphatic-targeting prodrug technology designed to improve oral bioavailability and reduce first-pass metabolism, to reformulate clinically validated mechanisms into differentiated product candidates. Its lead programs include GlyphAllo in Phase 2b for major depressive disorder and GlyphAgo in Phase 1 for generalized anxiety disorder, with additional preclinical candidates targeting depressive and related CNS disorders.

The Boston, MA-based company was founded in 2024 and plans to list on the Nasdaq under the symbol SPTX. Seaport Therapeutics filed confidentially on November 21, 2025. Goldman Sachs, J.P. Morgan, Leerink Partners, Citi, and Stifel are the joint bookrunners on the deal.

Relevant Profile: SPTX

https://www.renaissancecapital.com/IPO-Center/News/118223/Neuropsychiatric-therapeutics-biotech-Seaport-Therapeutics-files-for-a-$100

Coagulation disorder biotech Hemab Therapeutics files for a $100 million IPO

 

Hemab Therapeutics, a Phase 3-ready biotech developing blood coagulation disorder treatments, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

Hemab is a clinical-stage biotechnology company developing antibody-based therapies for inherited bleeding and coagulation disorders. Its lead candidate, sutacimig (HMB-001), finished Phase 2 and is ready for Phase 3 for Glanzmann thrombasthenia and Phase 2 for Factor VII deficiency, while HMB-002 is in Phase 1/2 for Von Willebrand Disease. The company’s programs are focused on prophylactic subcutaneous treatments for rare disorders with limited existing options, and it is also advancing additional preclinical candidates in coagulation-related diseases. 

The Cambridge, MA-based company was founded in 2020 and plans to list on the Nasdaq under the symbol COAG. Hemab Therapeutics filed confidentially on February 27, 2026. Goldman Sachs, Jefferies, and Evercore ISI are the joint bookrunners on the deal.

Relevant Profile: COAG

https://www.renaissancecapital.com/IPO-Center/News/118229/Coagulation-disorder-biotech-Hemab-Therapeutics-files-for-a-$100-million-IP

Rio Tinto attracting interest for critical mineral assets in California

 Rio Tinto (RIO) has attracted interest from more than a dozen potential bidders for its U.S. assets that produce the critical mineral boron, which could fetch ~$2B in a sale, Bloomberg reported Friday.

WE Soda, the world’s largest producer of soda ash; Magris Resources, a Canadian mining investment firm; and U.S. Silica Holdings, one of the world's top producers of silica sand used in glassmaking and construction, are among the companies considering a purchase of Rio's (RIO) boron assets in California, according to the report.

Rio (RIO) has said its California operations meet about a third of global demand for refined boron, which is used in fertilizers as well as in high-tech applications such as heat-resistant glass and materials for renewable energy, and is a key to stabilizing permanent rare earth magnets.

The company's boron assets include a mine and processing operations in the Mojave Desert town of Boron, a refinery and shipping facility at the Port of Los Angeles, and its Owens Lake mining operation near the Sierra Nevada mountains.

https://www.msn.com/en-us/money/other/rio-tinto-attracting-interest-for-critical-mineral-assets-in-california-bloomberg/ar-AA20Capz

Valero Energy (VLO) Cuts Crude Imports Amid Refinery Shutdown

 On April 10, 2026, Valero Energy Corp VLO, the leading importer of Mexican crude oil, announced a significant reduction in its crude oil purchases, dropping to just one cargo this month compared to an average of 4 million barrels monthly last year. This decline is attributed to difficulties in restarting its Port Arthur, Texas, refinery, which suffered severe damage from a fire last month. The refinery is vital for processing imports and its downtime is notably impacting Mexico's Pemex, which relies on Valero for approximately 20% of its oil sales.

• Valero Energy has a market capitalization of approximately $71.4 billion.
• GF Score™: 74/100, indicating a solid overall performance relative to peers.
• Insider activity shows a net sell of $2.0 million over the past three months, signaling potential caution among insiders.

Valero Energy's recent decision to cut back on crude oil purchases is a direct response to operational challenges stemming from the fire at its Port Arthur refinery. This facility is crucial for the company's operations, and the inability to restart key units has not only affected Valero's production capabilities but also has broader implications for its suppliers, particularly Pemex. The reduction in imports could lead to supply chain disruptions and may affect pricing dynamics in the oil market, especially given the reliance of Pemex on Valero for a significant portion of its sales.

https://www.gurufocus.com/news/8788221/valero-energy-vlo-cuts-crude-imports-amid-refinery-shutdown

'NYT: Iran may not be able to remove mines from Hormuz'

 Iran does not currently have the capacity to remove the landmines it planted in the Strait of Hormuz, The New York Times (NYT) reported.

According to a US source familiar with the matter, Iran cannot locate some of the landmines in the strait.

The speculation came ahead of upcoming negotiations between the US and Iran, with the status of the Strait of Hormuz as one of the key points in the talks.

https://breakingthenews.net/Article/Iran-may-not-be-able-to-remove-mines-from-Hormuz/66049014