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Tag Archives grain shipping

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)
Crops, Reuters

Black Sea grain deal extended for two months

Agreement has helped to tackle global food crisis

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Ankara/United Nations | Reuters — The Ukraine Black Sea grain deal has been extended for two more months, one day before Russia could have quit the pact over obstacles to its grain and fertilizer exports. Turkish President Tayyip Erdogan announced the extension in a televised speech and it was confirmed by Russia and Ukraine. The […] Read more
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Crops, Markets, Reuters

Black Sea grain deal could be extended two months, Turkish minister says

Inspections of outbound vessels have resumed

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Istanbul | Reuters — Turkish Foreign Minister Mevlut Cavusoglu said Wednesday he thought the Ukraine Black Sea grain deal could be extended for at least two more months, as officials from the parties involved held the first day of talks on an extension in Istanbul. Russia has said it would not extend the pact beyond […] Read more
Signage on Viterra’s office building in Regina. (Dave Bedard photo)
Crops, Markets, Reuters

Viterra to exit Russian grain trade

The company's team in Russia to create new grain exporter

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London | Reuters — Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday. Viterra — whose owners include mining and trading giant Glencore and the investment management […] Read more
Commercial vessels –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)
Crops, Reuters

Insurers covering Ukraine grain corridor shipments for now

More clarity needed soon, Lloyd's exec says

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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 […] Read more
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets

Bulk ocean freight rates recover off lows

Container rates remain in downtrend

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MarketsFarm — Ocean freight rates have shown some strength in late February, with the Baltic Dry Index (BDI) recovering off two-and-a-half-year lows hit earlier in the month. The BDI, a major indicator of bulk shipping rates, has risen for seven straight sessions to settle Monday at 935 points, up from the low of 530 points […] Read more
A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)
Crops, Markets

Ocean freight rates falling

Baltic index at lowest since mid-2020

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MarketsFarm — Ocean freight rates are under pressure to start 2023, with the Baltic Dry Index (BDI) dipping to its lowest level since June 2020 as poor demand for vessels weighed on values. A seasonal slowdown of cargo movement ahead of the Chinese New Year was seen as contributing to the latest softness, despite easing […] Read more
File photo of barley being loaded for export at the Black Sea port of Mykolaiv, Ukraine on July 9, 2013. (Photo: Reuters/Vincent Mundy)
Crops, Reuters

Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1

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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 […] Read more
U.S. President Joe Biden tours a manufacturing lab at McHenry County College during a visit to northwest Chicago suburb Crystal Lake on July 7, 2021. (Photo: Reuters/Evelyn Hockstein)
Crops, Machinery, Reuters

Biden says administration engaged in talks to avert U.S. railroad strike

CN's U.S. operations would be affected

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Nantucket | Reuters — U.S. President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down supply chains across the country but added that he has not directly engaged on the matter yet. Speaking to reporters outside a fire station on Nantucket […] Read more
File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets, Reuters

U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative

Deal sees 21 outbound ships so far

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Lviv | Reuters — U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a “spirit of compromise” to ensure the continued success of a U.N. brokered deal that enabled Ukraine to resume grain exports from its Black Sea ports. Guterres said after talks in the western Ukrainian city of Lviv that 21 […] Read more
A ship is docked for unloading at G3’s St. Lawrence River terminal at Trois-Rivieres, Que. (G3.ca)
Crops, Markets

Prairie drought spurs record imports via Trois-Rivieres

G3 terminal reports record incoming grain handle

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Agrifood firms unable to source enough grain domestically due to last year’s drought have imported a record amount through a major St. Lawrence River grain terminal this year. Winnipeg grain handler G3, whose grain terminal at Trois-Rivieres, Que. has storage capacity for 109,000 tonnes, reported Wednesday the terminal has so far unloaded over 160,000 tonnes […] Read more

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