Rio Tinto's Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government, paving the way for work to resume on the world's largest undeveloped iron ore project.The joint venture (JV)…
Finding enough seafarers willing to sail ships stuck inside Ukraine's ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.Russia and Ukraine last week signed a deal to restart…
Russian missiles hit Ukraine's southern port of Odesa on Saturday, the Ukrainian military said, threatening a deal signed just a day earlier to unblock grain exports from Black Sea ports and ease global food shortages caused by the war.Ukrainian…
A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away, industry sources said on Friday…
Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased.The accord crowned two months of talks brokered by the United Nations and Turkey…
U.S. grain and coke exports boosted overall shipping volumes through the St. Lawrence Seaway in June.Total cargo tonnage shipments (from March 22 to June 30) via the St. Lawrence Seaway totaled 11.9 million metric tons, down 8.3% compared to 2021 but gaining ground in comparison to April…
Russian President Vladimir Putin and Turkish leader Tayyip Erdogan plan to meet in the near future after a phone conversation in which they discussed efforts to facilitate grain exports from Ukraine, the Kremlin said on Monday.Turkey has been…
NYK signed a business alliance agreement with Nakashima Propeller, a marine equipment manufacturer that develops and sells ship propellers as well as energy-saving devices, and Fluid Techno, a ship design company with fluid analysis technology…
DBX, a new dry bulk commodity analytics firm based in London, officially launched earlier this year having successfully completed Signal Venture’s incubation program, and it has now initiated a round of seed funding.The venture started in the summer of 2020 with all around support from Signal Ocean…
Swire Bulk said it will operate a new liner service between Southeast Asia and Europe from June 2022 in addition to its tramp services.The company said it will deploy one to two vessels on a monthly rotation into Europe, calling at Amamapare (Indonesia)…
U.S. grain shipments via the Great Lakes-Seaway system totaled 312,000 metric tons from March 22 to May 31, up 39% compared to the same period in 2021. Much of the increase is due to exports of corn and soybeans out of the Port of Toledo and…
As part of the 2022-23 State Budget, the McGowan Government will allocate $78 million towards the Lumsden Point development to grow capacity at the Port of Port Hedland.Lumsden Point will facilitate the export of battery metals such as lithium and copper concentrates…
Russia and Turkey agreed to pursue talks on a potential safe sea corridor in the Black Sea to export grain from Ukraine after discussions in Moscow, the Russian and Turkish defense ministries said on Wednesday.In a statement, Turkey's defense ministry said a Turkish dry cargo vessel…
Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk, confirmed that the first methanol-powered newbuild vessel under its partnership has been delivered and is preparing for commercial operation.Stena Pro Patria is named in honor of Dennis Patrick…
Russia said on Thursday it was facilitating the export of grain and oilseeds from Ukraine through Russian-held transit points on the Azov Sea, without explaining who was providing the foodstuffs for export.Ukraine, like Russia one of the world's biggest exporters of grains and oilseeds…
