Russian wheat supplies to Syria have been suspended because of uncertainty about the new government and payment delays, Russian and Syrian sources said on Friday, while two vessels carrying Russian wheat for Syria did not reach their destinations.
Russian grain exports to Syria suspended due to uncertainty
Ukraine boosts grain exports despite intensified Russian attacks
Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022
Container rates soar on concerns of prolonged Red Sea disruption, inflation
U.S. and British militaries have advised all ships to steer clear of the conflict zone
Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.
Insurers, Ukraine launch war-risk ship insurance
Program announced in effort to cut grain costs
Reuters – Insurance broker Marsh, Lloyd’s of London insurers and Ukrainian state banks have launched a program to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, Marsh said Nov. 15. Kyiv launched a “humanitarian corridor” in August for ships bound for Africa and Asia to
The rebirth of sail-based shipping?
Cargill charters ship to test modern wind power at sea
Reuters – A dry bulk ship chartered by Cargill has launched on its first voyage to study how harnessing wind power can cut greenhouse gas emissions and energy use in the shipping sector, the U.S. commodities group said Aug. 21. The maritime industry, which accounts for nearly three per cent of global carbon dioxide emissions
Insurers seen reviewing Black Sea ship cover after Russia quits deal
Last ship covered under deal left Sunday
London | Reuters — Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a UN-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a global
Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says
'Grey/black' fleet seen handling more Russian traffic
London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial activities in Russia, a top executive with major commodities group Cargill said. The Black Sea grain deal, which allows the safe passage of grains through
Insurers covering Ukraine grain corridor shipments for now
More clarity needed soon, Lloyd's exec says
London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime export of Ukrainian grain from
Grains export push to boost dry bulk shipping market
Reuters – Bumper soybean harvests in Brazil and unsold grain stocks in the United States are set to boost dry bulk shipping rates as buyers including China restock after supply shocks last year, leading freight operators have said. The dry bulk shipping market has been hit in recent months by slow activity, partly driven by
Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1
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
Cyber-Savvy Farmer
