global shipping Archives - Page 2 of 3

Port workers from the International Longshoremen’s Association (ILA) participate in a strike outside the Norfolk International Terminal (NIT) in Norfolk, Virginia, U.S., October 1, 2024. REUTERS/Jose Luis Gonzalez

White House sides with union as US dockworker strike enters second day

By Doyinsola Oladipo, Reuters October 2, 2024

New York | Reuters — President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labour deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association (ILA) union has blocked goods from food to […] Read more

A dockworker demonstrates after a shipping port strike went into effect across the East Coast at the Port of Wilmington, Delaware, U.S., October 1, 2024. REUTERS/Matthew Hatcher

Reuters

US East Coast dockworkers strike, halting half the nation’s ocean shipping

By David Shepardson, Doyinsola Oladipo, Reuters October 1, 2024

Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labour contract broke down over wages.

News, Reuters

U.S. port strike threatens vital trade arteries

By Reuters September 25, 2024

Some 45,000 union workers could walk off the job at seaports on the U.S. East and Gulf Coasts on Oct 1, cutting off vital trade arteries just weeks ahead of the nation's presidential election.

Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)

News, Reuters

Argentine oilseed workers strike extended as delays hit dozens of ships

By Reuters August 9, 2024

A pair of Argentine oilseed industry unions announced a one-day extension to an ongoing strike that has halted operations at the country's major agricultural hubs.

A tugboat moves behind a cargo vessel as vessels transit through the Panama Canal, in Panama City, Panama May 3, 2024. Photo: REUTERS/Daniel Becerril

Markets, News

Global shipping costs could ease as congestion improves: FCC economist

By Geralyn Wichers July 29, 2024

Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).

FILE PHOTO: People walk on the beach as a container ship crosses the Gulf of Suez towards the Red Sea before entering the Suez Canal, in El Ain El Sokhna in Suez, east of Cairo, Egypt April 24, 2017. Picture taken April 24, 2017. Photo: Reuters/Amr Abdallah Dalsh

General, Reuters

Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say

Houthi attacks have disrupted global shipping since November, forcing ships to re-route

By Reuters, GFM Network News March 1, 2024

Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.

General, Reuters

More grain ships divert from Red Sea as attacks continue

Millions of tons of grain cargo have avoided the area since December, analysts say

By Reuters, GFM Network News February 2, 2024

More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in the Red Sea continued, analysts said on Friday.

Markets

Bulk ocean freight rates fall from highs despite uncertainty

Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions

By GFM Network News January 17, 2024

The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.

General, Reuters

Houthi attack on dry bulk ship to boost grain diversions

About twenty per cent of grain shipments diverting around Cape

By Reuters, GFM Network News January 16, 2024

An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.

Markets, Reuters

Container rates soar on concerns of prolonged Red Sea disruption, inflation

U.S. and British militaries have advised all ships to steer clear of the conflict zone

By Reuters, GFM Network News January 12, 2024

Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.

Daily Network News

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CBOT weekly outlook: Soybeans/corn awaiting acreage data

ICE Canada Weekly: More behind canola, soyoil than crude oil prices

Tag Archives global shipping

White House sides with union as US dockworker strike enters second day

US East Coast dockworkers strike, halting half the nation’s ocean shipping

U.S. port strike threatens vital trade arteries

Argentine oilseed workers strike extended as delays hit dozens of ships

Global shipping costs could ease as congestion improves: FCC economist

Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say

More grain ships divert from Red Sea as attacks continue

Bulk ocean freight rates fall from highs despite uncertainty

Houthi attack on dry bulk ship to boost grain diversions

Container rates soar on concerns of prolonged Red Sea disruption, inflation

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