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View of the Dali cargo vessel which crashed into the Francis Scott Key Bridge causing it to collapse in Baltimore, Maryland, U.S., April 4, 2024.
News, Other

Baltimore shipping set to resume by end of April

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Reuters – The U.S. Army Corps of Engineers said April 4 that it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge. It expects to restore port access to full capacity by the end of May. The main channel
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)

Zelenskiy says Black Sea grain corridor in doubt without US aid

Conservative Republicans in US House of Representatives threatening to block further military aid

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New York | Reuters -- Ukraine's President Volodymyr Zelenskiy said on Monday that without new U.S. military aid his country would be unable to defend a Black Sea shipping corridor that has allowed Kyiv to export millions of tons of grain to global markets.
grain train
National news, News, News & Opinion

Grain shipments see smooth sailing on small crop

New Years cold snap the one spanner in the works, speaker says

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At the midway point of the 2023–2024 shipping year, grain shipments appear to be moving at a good clip. “In the last 12–18 months, we’ve seen some really good performance from both of the railroads, said Quorum Corporation’s Mark Hemmes. “The exception was the last four or five weeks, and that was largely driven by
A ship is docked for unloading at G3’s St. Lawrence River terminal at Trois-Rivieres, Que. (G3.ca)
Markets

St. Lawrence Seaway sees increased tonnage in 2023

The seaway saw the longest scheduled shipping season in history

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Cargo movement through the St. Lawrence Seaway was up by more than 3.4 per cent in 2023 compared to the previous year, with nearly 38 million tonnes of cargo moved through the binational system, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS).
Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)
Markets

Bulk ocean freight rates fall from highs despite uncertainty

Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions

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The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.
(Photo: Reuters/Paulo Whitaker)

Houthi attack on dry bulk ship to boost grain diversions

About twenty per cent of grain shipments diverting around Cape

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An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.

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