Kazakhstan is in talks with Abu Dhabi Ports to set up a joint venture that would help ship Kazakh agricultural exports via Iran and then Gulf ports, the Central Asian nation's government said on Monday.Kazakhstan, a significant exporter of agricultural commodities such as grains and oilseeds…
APM Terminals Pipavav announced it handled 206 trains in July 2023, its highest count for any month this year.Of these, the reminal loaded 166 double stack (DS) trains, surpassing the port's own previous record of loading 157 double stack trains in 2020…
Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cuts for August…
Piedmont Lithium has made its first commercial shipment of spodumene concentrate produced by North American Lithium (NAL).NAL is a wholly owned by Sayona Quebec, a joint venture between Piedmont (25%) and Sayona Mining (75%).NAL made the initial 20…
Indonesia has informed Australia’s Department of Agriculture, Fisheries and Forestry (DAFF) that lumpy skin disease (LSD) has been detected in Australian cattle exported to Indonesia by sea.Indonesia has now suspended cattle imports from four Australian pre-export quarantine facilities…
Grain inspectors returned to their posts after midday Monday following a short-lived strike, the local chamber of Port and Maritime Activities (CAPyM) said.The workers, who began a strike Monday morning in a bid to push for higher wages, returned…
Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The…
According to Xeneta’s Shipping Index (XSI), global long-term shipping rates sank to a two-year low in July, falling 9.5% since June, plummetting 57.8% since the same period in 2022. And just as rates hit a fresh low, the bad news for carriers…
French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday…
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100…
Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv's exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea shipping deal…
Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after quitting the Black Sea grain deal.Last week's…
Romania's Constanta port, Ukraine's main alternative route for grain since Russia's withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August, the head of the port's business association said…
“US soybean, maize, and wheat exports could fall 15% in 2023 due to droughts that affected harvests last year. However, the upcoming maize harvest may drive a recovery in US grain shipments from the fourth quarter onwards,” says Filipe Gouveia…
Container carriers in THE Alliance will make changes to the Asia to Transpacific-West Coast Network by temporarily suspending the PS5 service and enhancing the existing PS3, PS6, and PS7 service as of August and until further notice. The moves are on response to the 'present market situation'…
