Insights and Stories on Shipping

Jan. 16, 2024 at 10:18 am CST

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.

By Reuters

Jan. 12, 2024 at 10:11 am CST

A project to expand the Archer Daniels Midland (ADM) Company's Port Windsor terminal got a federal cash boost yesterday.

By Geralyn Wichers

Jan. 9, 2024 at 3:12 pm CST

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. 

By Glen Hallick - MarketsFarm

Dec. 11, 2023 at 9:59 am CST

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.

By Geralyn Wichers

Dec. 11, 2023 at 9:18 am CST

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.

By Karl Plume, Reuters