Reading Time: 2 minutes 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.
Zelenskiy says Black Sea grain corridor in doubt without US aid
Conservative Republicans in US House of Representatives threatening to block further military aid
More grain ships diverted from Red Sea due to Houthi attacks
Air strikes, naval forces not enough to end attacks on ships, trader says
Reading Time: 2 minutes More ships carrying grain were diverted from the Suez Canal to sailings around the Cape of Good Hope this week as concern about attacks on vessels in the Red Sea continued, shipping analysts said on Friday.
More grain ships divert from Red Sea as attacks continue
Millions of tons of grain cargo have avoided the area since December, analysts say
Reading Time: 2 minutes More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in the Red Sea continued, analysts said on Friday.
St. Lawrence Seaway sees increased tonnage in 2023
The seaway saw the longest scheduled shipping season in history
Reading Time: < 1 minute 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).
Bulk ocean freight rates fall from highs despite uncertainty
Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions
Reading Time: < 1 minute 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.
Houthi attack on dry bulk ship to boost grain diversions
About twenty per cent of grain shipments diverting around Cape
Reading Time: 2 minutes 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.
Feds pledge up to $26.3 million for expansion at Port Windsor
Project expected to significantly increase ADM's capacity at the Great Lakes port
Reading Time: < 1 minute A project to expand the Archer Daniels Midland (ADM) Company's Port Windsor terminal got a federal cash boost yesterday.
Volatile oil market most likely to improve says analyst
Israel-Gaza war, Red Sea attacks having less impact than expected
Reading Time: 2 minutes As the global oil market continued to ready itself for 2024, one analyst stated it’s more likely prices will increase than to drop further. Phil Flynn of the Price Futures Group in Chicago said one’s outlook on crude oil is predicated on their economic view.
CN closes deal on Iowa railway
The agreement will link about 275 track miles to the carrier's U.S. rail network
Reading Time: < 1 minute Canadian National Railway (CN) has inked a deal to buy an Iowa railway and connect it to its U.S. rail network, the company announced Dec. 6.
Panama Canal drought to delay grain ships well into 2024
Wait times more than doubled between October and late November, prompting some shippers to reroute
Reading Time: 3 minutes Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.
A message from April Stewart, Country Guide's Associate Editor
