Two-way marine traffic resumed Monday night on the Welland Canal in Ontario, Canada after a power outage on Sunday led to a temporary suspension of navigation.The St. Lawrence Seaway Management Corporation (SLSMC), which manages and operates the Canadian assets of the St…
A deal allowing Ukraine to export grain via the Black Sea expires on July 17 and with Moscow saying it sees no grounds for an extension there are fears it may collapse.Why is it important?Ukraine is a major producer of grains and oilseeds and…
Shipments of iron ore on the Great Lakes totaled 5.8 million tons in June, an increase of 47.8% from 2022, according to latest figures published by trade group the Lake Carriers’ Association (LCA). Shipments were 12.7% above the month’s five-year average…
Shipments of limestone on the Great Lakes totaled 3.1 million tons in June, a decrease of 17.6% from a year ago, according to latest figures published by trade group the Lake Carriers’ Association (LCA). This June’s loadings were also below the month’s five-year average by 17…
On July 2, COSCO Shipping Bulk's 400,000-ton ore carrier Yuanyihai successfully completed what the company claims is the fasters unloading of iron ore in the world.The unloading operation took place in Dongjiakou Port Area of Qingdao Port. It took only 30…
“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen…
Russia's deputy foreign minister said on Monday that even if a deal allowing shipments of Ukrainian grain via the Black Sea ends, Russia's agreement with the United Nations to ease its own exports will stay in force, Russian state news agency RIA reported on Monday…
United Nations Secretary-General Antonio Guterres said on Monday he is concerned that Russia will on July 17 quit a deal allowing the safe wartime export of grain and fertilizers from three Ukrainian Black Sea ports.Moscow has been threatening…
“During the first five months of 2023, demand for Capesize ships increased 5% y/y while supply increased 3% y/y. Nonetheless, spot rate increases remain hesitant, largely due to concerns over China’s fragile economic recovery,” says Filipe Gouveia…
Tugboats refloated a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.Two canal sources said traffic was back to normal by around 11:00 am local time (0800 GMT)…
The United Nations expressed concern on Monday that Ukraine's Black Sea port of Pivdennyi (Yuzhny) has not received any ships since May 2 under a deal allowing the safe wartime export of grain and fertilizer.U.N. spokesman Stephane Dujarric…
Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects; and competition between lenders…
The Black Sea grain corridor designed to ensure the safe supply of Ukrainian food to world markets has not yet resumed operation despite statements by Turkey and Russia on extending the agreement, a senior Ukrainian official said on Thursday…
The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as 'good news for the world,' a day before Russia could have quit the pact over obstacles to its grain and fertiliser exports…
“Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine…
