shipping Archives - Page 4 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)

Black Sea grain deal extended for two months

Agreement has helped to tackle global food crisis

By GFM Network News May 17, 2023

Ankara/United Nations | Reuters — The Ukraine Black Sea grain deal has been extended for two more months, one day before Russia could have quit the pact over obstacles to its grain and fertilizer exports. Turkish President Tayyip Erdogan announced the extension in a televised speech and it was confirmed by Russia and Ukraine. The […] Read more

File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)

Crops, Markets

Bulk ocean freight rates recover off lows

Container rates remain in downtrend

By Phil Franz-Warkentin, GFM Network News February 28, 2023

MarketsFarm — Ocean freight rates have shown some strength in late February, with the Baltic Dry Index (BDI) recovering off two-and-a-half-year lows hit earlier in the month. The BDI, a major indicator of bulk shipping rates, has risen for seven straight sessions to settle Monday at 935 points, up from the low of 530 points […] Read more

File photo of barley being loaded for export at the Black Sea port of Mykolaiv, Ukraine on July 9, 2013. (Photo: Reuters/Vincent Mundy)

Crops, Reuters

Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1

By GFM Network News December 29, 2022

London | Reuters — Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to scale […] Read more

Crops, Markets, Reuters

U.N. expects ‘big uptick’ in ships wanting to export Ukraine grain

By GFM Network News August 10, 2022

United Nations | Reuters — The United Nations expects a “big uptick” in ships wanting to export Ukraine grain through the Black Sea after transit procedures were agreed and a goal of two to five million tonnes a month is “achievable,” a senior U.N. official said Wednesday. Russia, Ukraine, Turkey and the United Nations agreed […] Read more

File photo of a rainy day in Iqaluit. (Wildnerdpix/iStock/Getty Images)

General, Markets, Reuters, Weather

Cold and hungry: Food inflation bites Canada’s North

'It's really expensive to do business here'

By Rod Nickel, GFM Network News August 8, 2022

Iqaluit | Reuters –– In Canada’s remote North, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s northernmost region — […] Read more

Crops, Markets

Baltic Dry Index at three-month lows

Demand for ocean freight seen backing off

By Phil Franz-Warkentin, GFM Network News July 12, 2022

MarketsFarm — Ocean freight rates have come under pressure over the past month as demand for freight backs away, which could be seen as a sign of the slowing global economy. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 2,081 points on Monday, up 14 points from Friday’s […] Read more

Markets, Pulses

Shipping container issues make Canada uncompetitive

By GFM Network News June 23, 2022

MarketsFarm – Even though harvest in Canada is months away, major issues with shipping by container out of the country needs to be resolved, according to Greg Northey, vice-president of corporate affairs for Pulse Canada and the spokesperson for the Coalition to Fix the Container Crunch. “The worry in the fall is if we have […] Read more

Crops, Markets, Reuters

Biden signs ocean shipping bill in bid to reduce backlogs

By GFM Network News June 17, 2022

Washington | Reuters — U.S. President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had “promised to crack down on ocean […] Read more

Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)

Crops, Markets, Reuters

London marine insurers label all Russian waters high risk

By GFM Network News April 5, 2022

London | Reuters — London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is likely to raise the cost of shipping and adds to the logistical pressures on Moscow. Guidance from the Joint War Committee, which comprises syndicate members from the […] Read more

File photo of a grain terminal on the Dnieper River in Ukraine. (Konoplytska/iStock/Getty Images)

Crops, Markets, Reuters

Ukraine’s ports to stay closed until Russian invasion ends

By GFM Network News February 28, 2022

London | Reuters — Ukrainian ports will remain closed until Russia’s invasion ends, the head of Ukraine’s Maritime Administration said on Monday, adding that the port of Mariupol has sustained damage from Russian shelling. Russia invaded Ukraine on Feb. 24, calling its actions a “special operation.” “The ports will be shut until the end of […] Read more

GFM Network News

U.S. senators push USDA for urgent action on bird flu vaccine

European bird flu spike due to record wild birds cases, EFSA says

La Niña to fade early next year, neutral Pacific conditions likely, U.S. forecasters say

Tag Archives shipping

Black Sea grain deal extended for two months

Bulk ocean freight rates recover off lows

Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1

U.N. expects ‘big uptick’ in ships wanting to export Ukraine grain

Cold and hungry: Food inflation bites Canada’s North

Baltic Dry Index at three-month lows

Shipping container issues make Canada uncompetitive

Biden signs ocean shipping bill in bid to reduce backlogs

London marine insurers label all Russian waters high risk

Ukraine’s ports to stay closed until Russian invasion ends

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