US freight forwarder C.H. Robinson said on Monday it was diverting some of its U.S. customers' ocean cargo away from Canadian ports as the threat of a rail strike looms.It said roughly 80% of its customers who had switched are now exporting…
Ukraine is likely to harvest a record 5.7 million metric tons of soybeans in 2024 thanks to a larger than expected sowing area, the ASAP Agro agriculture consultancy said on Monday. Ukraine harvested about 5 million tons of soybeans in 2023…
Dalian iron ore futures prices retraced earlier losses on Monday, as firmer steel prices and revived hopes of stimulus in top consumer China added support to the volatile market.The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0…
Polish refiner Orlen will receive 6 metric tons of oil from British energy group BP, under a year-long agreement, it said on Monday. The deliveries of North Sea oil are expected to cover about 15% of Orlen's requirements and both companies are open to future cooperation on joint projects…
Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer temperatures across the region boosting power demand for cooling purposes.The average LNG price for October delivery into north-east Asia LNG-AS was at $14…
Bangladesh's Summit LNG expects to complete repositioning and reconnecting work on its floating storage and regasification unit (FSRU) by August-end, it said, assuming favourable weather and sea conditions.Ship-to-ship transfer operations at its FSRU…
Oman's Salalah port reported a 16% decline in container volumes in the first half of the year as ships reroute around the southern tip of Africa to avoid missile and drone attacks in the Red Sea.The port, which is Oman's closest to the border with Yemen…
In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize and soya bean harvests in September…
European wheat hit four-month lows on Thursday, surrendering earlier strength generated by a Russian attack on a Ukrainian grain port, as attention returned to slack export demand and cheap competition from Black Sea suppliers, traders said…
“In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize and soya bean harvests in September…
Oil and gas producer BP Plc told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production.Venture Global LNG's Calcasieu…
Retailers are fueling a summer rush of imports to the United States this year as companies guard against a potential strike by port workers and ongoing shipping disruptions from attacks in the Red Sea ahead of a shortened holiday shopping season…
Transnational organised criminals are attempting to import hundreds of kilograms of illicit drugs into Australia by paying associates to conceal them inside imported vehicles.The Australian Federal Police (AFP) and Australian Border Force (ABF)…
Monthly inbound cargo volume at major container ports in the US could see a near-record surge this month as retailers bring in merchandise ahead of a potential strike at East Coast and Gulf Coast ports this fall. The prediction for the container…
Ocean container shipping demand from China to North America and North Europe continued to break records in June, but the latest data from Xeneta indicates it may now have peaked.The June highs came as importers rushed to protect supply chains…