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(PortOfHalifax.ca)
Crops, Markets

Virus fears weigh on global shipping sector

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MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13
(GFM photo)

AgDealer offers online equipment financing, shipping tools

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Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to
Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)
Crops, Markets

Ocean freight rates trending lower

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MarketsFarm — The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector,
(Rustycanuck/iStock/Getty Images)
Crops, Weather

Hay prices skyrocket as Prairie drought continues

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MarketsFarm — Hay prices have continued to skyrocket across the Prairies as conditions remain dry enough that many hay growers won’t produce a first cut this spring. “We’ve had a tough start here,” said Darren Chapman, chair of the Manitoba Forage and Grassland Association. “We had a cold, dry spring with frost, so first cut
(PortOfHalifax.ca)
Crops, Markets

Baltic Dry Index near 2-1/2-year lows

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The Baltic Dry Index (BDI) has dropped sharply over the past two months, as declining global demand for commodities — especially from China — weighed on the economic indicator. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. The BDI
The Port of Churchill in 2015. (CNS Canada photo by Jade Markus)
Crops

Proposed deal ‘fallen apart’ for Hudson Bay Railway

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An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. Hudson Bay Railway (HBR), a subsidiary of Colorado-based shortline operator OnmiTrax, announced Tuesday “it now appears that this transaction has fallen apart.” The proposed sale
(Dave Bedard photo)
Crops

Farmers seek ‘urgent’ action from Senate on rail service

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Groups representing Canadian grain growers touched down in Ottawa Thursday to urge quick passage of legislation to avoid a sequel to the grain handling logjam of 2013-14. Representatives from the Canadian Federation of Agriculture, Grain Growers of Canada, Keystone Agricultural Producers, Agricultural Producers Association of Saskatchewan, Alberta Federation of Agriculture and B.C. Agriculture Council went
The locks of the Welland Canal, on the St. Lawrence Seaway.
News

A wave of optimism in advance of seaway opening

The Great Lakes shipping pipeline will be opening for the season later this month

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Optimism abounds for the 2017 navigation seasons on the Great Lakes and St. Lawrence Seaway. The seaway will open March 20 followed five days later by the American Soo locks between Lakes Superior and Huron and the 2017 navigation season on the Great Lakes will be fully underway. While the seaway finished down by 3.1

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