shipping Archives - Page 2 of 7

Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)

Zelenskiy says Black Sea grain corridor in doubt without US aid

Conservative Republicans in US House of Representatives threatening to block further military aid

By Reuters, GFM Network News February 27, 2024

New York | Reuters -- Ukraine's President Volodymyr Zelenskiy said on Monday that without new U.S. military aid his country would be unable to defend a Black Sea shipping corridor that has allowed Kyiv to export millions of tons of grain to global markets.

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, Markets, Reuters

More grain ships diverted from Red Sea due to Houthi attacks

Air strikes, naval forces not enough to end attacks on ships, trader says

By Reuters, GFM Network News February 9, 2024

More ships carrying grain were diverted from the Suez Canal to sailings around the Cape of Good Hope this week as concern about attacks on vessels in the Red Sea continued, shipping 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.

A ship is docked for unloading at G3’s St. Lawrence River terminal at Trois-Rivieres, Que. (G3.ca)

General, Markets

St. Lawrence Seaway sees increased tonnage in 2023

The seaway saw the longest scheduled shipping season in history

By GFM Network News February 1, 2024

Cargo movement through the St. Lawrence Seaway was up by more than 3.4 per cent in 2023 compared to the previous year, with nearly 38 million tonnes of cargo moved through the binational system, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS).

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)

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.

General

Feds pledge up to $26.3 million for expansion at Port Windsor

Project expected to significantly increase ADM's capacity at the Great Lakes port

By Geralyn Wichers, GFM Network News January 12, 2024

A project to expand the Archer Daniels Midland (ADM) Company's Port Windsor terminal got a federal cash boost yesterday.

General, Markets

Volatile oil market most likely to improve says analyst

Israel-Gaza war, Red Sea attacks having less impact than expected

By GFM Network News January 9, 2024

As the global oil market continued to ready itself for 2024, one analyst stated it’s more likely prices will increase than to drop further. Phil Flynn of the Price Futures Group in Chicago said one’s outlook on crude oil is predicated on their economic view.

General

CN closes deal on Iowa railway

The agreement will link about 275 track miles to the carrier's U.S. rail network

By Geralyn Wichers, GFM Network News December 11, 2023

Canadian National Railway (CN) has inked a deal to buy an Iowa railway and connect it to its U.S. rail network, the company announced Dec. 6.

Container ships pass through locks on the Panama Canal in this file photo. (CIA.gov)

General, Markets, Reuters

Panama Canal drought to delay grain ships well into 2024

Wait times more than doubled between October and late November, prompting some shippers to reroute

By Reuters, GFM Network News December 11, 2023

Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.

GFM Network News

Canadian cattle groups look to renew national organization

U.S. livestock: Hog futures sink, cattle mixed

Food waste costs Canadian farmers, agri-food companies in hidden ways

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