Insights and Stories on Grain Shipping

Jan. 14, 2023 at 1:51 pm CST

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 […]

By Phil Franz-Warkentin

Dec. 28, 2022 at 6:18 pm CST

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 […]

By Carolyn Cohn, Jonathan Saul

Nov. 24, 2022 at 2:28 pm CST

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 […]

By Nandita Bose

Aug. 18, 2022 at 4:40 pm CDT

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 […]

By Reuters

Aug. 11, 2022 at 8:18 pm CDT

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 […]

By Dave Bedard