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Supertanker orders hit 217 as Hormuz disruption stretches crude voyages
Edgen Stock·Sep 21 2026, 15:56Share to
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[1] Middle East Situation Triggers Global VLCC (Supertanker) Buying Spree (https://wallstreetcn.com/livenews/3168392 ...)[2] As renewed chaos grips the oil market, one country is keeping global prices down – by reducing demand (https://www.msn.com/en-au/news/other/as-renew ...)[3] 217 VLCCs and counting: Iran war fuels supertanker boom (https://internationalfinance.com/ports-and-sh ...)
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Sep 21 2026, 16:39
PRCT faces Sept 22 lead-plaintiff deadline in handpiece suit
Kaplan Fox & Kilsheimer LLP told purchasers of PROCEPT BioRobotics Corp. stock that they have until September 22, 2026 to ask a court to name them lead plaintiff in a securities class action covering buyers from February 28, 2024 through February 25, 2026. The New York firm, founded in 1956, said it has recovered more than $10 billion for clients and classes it has represented, including a $2.425 billion recovery for Bank of America shareholders. "Contrary to defendants' Class Period assurances that the 'differential' between handpiece unit sales and procedures had 'remained relatively consistent,' PROCEPT's discount program had caused handpiece orders to materially exceed procedures in every quarter during the Class Period," the complaint alleges, according to the firm's September 21 notice. The suit targets PROCEPT (NASDAQ: PRCT), which sells the AquaBeam robotic system for waterjet ablation of prostate tissue. The complaint claims the undisclosed sales tactics artificially inflated reported U.S. handpiece unit sales and revenue by pulling forward demand at the expense of later periods — a claim the company has not yet answered publicly. Kaplan Fox did not disclose the case number, the court, the damages sought, or the identity of the lead plaintiff movants. PROCEPT's share price reaction to the notice was not disclosed in the filing. Investors do not need to serve as lead plaintiff to share in any possible recovery, and the firm said contacting it creates no attorney-client relationship. Kaplan Fox is one of several plaintiffs' firms that routinely issue deadline reminders in the same case; competing firms can seek lead-plaintiff appointment or move to widen the class period, which would extend the litigation overhang. For holders, the practical question is whether the disclosure dispute touches the demand signal investors have been underwriting. If handpiece orders ran ahead of procedures, reported unit growth overstates underlying procedure volume — the metric that anchors the razor-and-blade model for surgical robotics peers such as Intuitive Surgical. The next scheduled checkpoint is the September 22 lead-plaintiff deadline; any amended complaint or court-appointed lead counsel would follow. PROCEPT's next quarterly report and any disclosure on handpiece-to-procedure conversion are the events most likely to move the shares. This article is for informational purposes only and does not constitute investment advice.
Sep 21 2026, 16:35
Davis Commodities delisted from Nasdaq as shares drop 93% in 2026
Nasdaq will delist Davis Commodities Ltd.'s Class A ordinary shares and file a Form 25 with the SEC to complete the removal, the Singapore-based agricultural trader said Sept. 21, ending a listing that had been suspended since March 25. The shares now change hands only on OTC Markets under the symbol DTCKF, where the last quote was $0.4294, down 17.08% on the day. The stock has lost 92.93% since the start of 2026 and is up 24.54% over the past five sessions, a rebound off a deeply depressed base. "Shareholders may continue to obtain market quotations and trade the shares through broker-dealers that support transactions in securities quoted on OTC Markets," the company said, adding that "there can be no assurance regarding the continued quotation of the Class A ordinary shares on OTC Markets, the development or maintenance of an active trading market, or the liquidity of any such market." The delisting becomes effective 10 days after the Form 25 is filed. Nasdaq dropped the company from the Nasdaq Composite Index on March 23, 2026, two days before the trading halt, and the shares have not traded on an exchange since. ## A compliance failure that took six months to complete The sequence matters more than the announcement. Trading stopped on March 25, 2026, and the company spent the following six months in a suspended state — no exchange trading, no index membership, no price discovery beyond the OTC quotation. The Form 25 filing is the administrative step that converts a suspension into a permanent removal. The company's own disclosures show the pressure that preceded the halt. On Feb. 6, 2026, shareholders approved a share consolidation intended to lift the share price and the company's market standing. On Jan. 5, 2026, Davis Commodities filed for an offering of up to $17 million in Class A shares. Neither measure restored compliance. Governance turnover ran alongside the listing problem. Zhu Meiju resigned as executive director effective Jan. 6, 2026, followed by board and board committee changes effective Jan. 31, 2026, and a further round of board changes effective April 1, 2026. On May 14, 2026, the company's auditor raised going-concern doubt, and full-year 2025 results followed on May 15, 2026. For a company with 23 employees that distributes sugar, rice, and oil and fat products under the Maxwill and Taffy brands across roughly 20 countries in Asia, Africa and the Middle East, the loss of exchange listing removes the most visible channel for institutional capital. Index-tracking funds that held the shares because of Nasdaq Composite membership had already been forced out in March. Active managers with mandates restricted to exchange-listed securities face the same constraint now. ## What survives the delisting One obligation does not disappear. Davis Commodities remains an SEC-reporting company under the Securities Exchange Act of 1934 and said it intends to keep complying with those obligations, including disclosure of material developments. That preserves the audit trail and the periodic filings, but it does not restore exchange trading, analyst coverage or index eligibility. The OTC quotation carries its own constraints. Broker-dealers must support OTC Markets transactions, and not all do — particularly for institutional accounts with internal restrictions on unlisted securities. Bid-ask spreads on OTC-quoted small caps are typically wider than exchange spreads, and quoted prices can diverge from executable prices when volume is thin. The company's operating narrative has continued regardless. It announced an expansion into the FMCG market under a new entity, Davis Commodities SEA Pte. Ltd., in November 2025, and said in February 2026 that it had deployed AI-driven logistics to improve margins and support cash flow. It also provides warehouse handling, storage and logistics services alongside its trading book. Peer small-cap agricultural traders listed on U.S. exchanges face no direct consequence from this decision, but the case adds to a visible pattern of compliance failures among small-cap issuers that listed during the 2023-2024 window. For investors screening for listing risk, the relevant markers here were all public months in advance: a sub-$1 share price, a consolidation vote, a going-concern qualification and a suspended ticker. Holders should watch two dates. The Form 25 filing starts the 10-day clock to delisting, and the company's next SEC filing will be the first test of whether reporting discipline holds without an exchange listing behind it. Neither event restores liquidity. This article is for informational purposes only and does not constitute investment advice.
Sep 21 2026, 16:16
Amazon blocks Meta's Muse agent as 68B ad model faces bypass
Amazon.com cut off Meta Platforms' Muse shopping agent from its marketplace on Sept. 21, the first time the largest U.S. retailer has treated a mainstream consumer AI agent as an unauthorized intruder rather than a customer. Users attempting to buy through Muse now see a popup stating that "continued access by an unauthorized AI agent violates Amazon's Conditions of Use." Amazon said it asked Meta to remove Amazon from the agent's scope and received no response before enforcing the block server-side. "We think it's fairly straightforward that third-party applications that offer to make purchases on behalf of customers from other businesses should operate openly and respect service provider decisions about whether or not to participate," an Amazon spokesperson said. The company compared the arrangement to food delivery apps and online travel agencies, which operate under negotiated agreements with restaurants and airlines. Amazon's stated objections are three: Meta did not notify it that Muse would access the marketplace, the agent does not identify itself as an AI while browsing, and it can capture and store customer credentials. Meta said at Muse's Sept. 8 launch that the assistant "has no visibility into people's passwords or payment methods," and that credentials "go into secure storage, so Muse can use them without seeing them." Meta did not respond to a request for comment. The block is the visible end of a perimeter Amazon has been building since July, when it began stripping item names from order-confirmation emails — a change The Verge documented in August as a barrier to agents parsing purchase history. Amazon spokesperson Maxine Tagay described the email change as a way to "reduce customer information shared outside the Amazon app and website." The company also expanded its robots.txt file to block 47 distinct AI bots. ## The Ninth Circuit closed one door, Amazon opened another Amazon's legal route to the same outcome had already failed. It sued Perplexity AI in November 2025 over the Comet browser, which let users shop on Amazon, and won a preliminary injunction from Judge Maxine Chesney in March 2026. On Aug. 4, the Ninth Circuit vacated that injunction, with Judge M. Smith ruling that the users — not Perplexity — were the parties technically "accessing" Amazon's systems under federal anti-hacking law. The court denied Amazon's petition for rehearing on Sept. 10. That ruling left contract claims intact, and the Muse popup cites the Conditions of Use rather than the Computer Fraud and Abuse Act. The shift matters because it moves the fight from a statute with a judicial test to a document Amazon writes unilaterally and enforces at the server. Amazon has blocked agentic tools from ChatGPT and Google Gemini since 2025 while running its own competing feature, Buy for Me, inside Alexa for Shopping, which the company says discloses its identity and lets brands opt out. The financial motive sits in advertising. Amazon booked more than $68 billion in ad revenue in 2025, a business that depends on shoppers browsing its pages, where sponsored placements and recommendations are sold. An agent that runs the search, compares prices and completes checkout off-page removes the inventory Amazon sells. Amazon shares rose 1.22% intraday on the news, a move small enough to suggest investors read the block as defensive housekeeping rather than a growth threat. ## eBay follows, Walmart and Target don't Retailers are splitting along a question of what each thinks it is. eBay amended its user agreement in February 2026 to prohibit unauthorized third-party chatbots and buy-for-me agents, matching Amazon's posture. Walmart, Target, Best Buy, Home Depot, Macy's and Etsy have taken the opposite route, integrating with AI shopping platforms including ChatGPT Shopping, Perplexity and Microsoft Copilot. The standoff is complicated by the fact that Amazon and Meta are commercial partners on two fronts. Amazon products have been purchasable inside Facebook and Instagram since 2023, and in April Meta signed a multi-billion-dollar agreement to run agentic AI workloads on Amazon Web Services. Amazon said it is in direct talks with Meta and declined to say whether it would pursue legal action. Muse's scale is what makes the precedent consequential. The agent, which runs in a secure virtual machine with its own browser and requires user confirmation before sensitive actions, topped the U.S. App Store free chart within a week of launch, ahead of ChatGPT. Early users have deployed it to switch car insurance policies, hunt discount codes and fill shopping carts. PYMNTS Intelligence found roughly 132 million people have made a retail purchase with AI assistance, and 22% now begin online retail research inside an AI tool. For developers, the practical result is a second tollgate stacked on top of the first. Checkout protocols from Visa, Mastercard, Stripe, Google and Meta carry merchant integration costs of $5,000 to $500,000 each. Access is separate and discretionary: an agent can hold a working payment rail and a willing user and still be refused at the server. The KYA Framework announced by Visa, Mastercard and Ant International addresses payment-network interoperability, not admission. The next test is whether the integrators generate enough agent-driven volume to make exclusion expensive. Amazon's Q3 earnings, expected in late October, will show whether advertising growth holds while the company turns away agent traffic — and whether Meta escalates from talks to a contract challenge over the same Conditions of Use the Ninth Circuit left standing. This article is for informational purposes only and does not constitute investment advice.