A pair of Argentine oilseed industry unions announced a one-day extension to an ongoing strike that has halted operations at the country's major agricultural hubs.
Argentine oilseed workers strike extended as delays hit dozens of ships
Global shipping costs could ease as congestion improves: FCC economist
Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).
Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say
Houthi attacks have disrupted global shipping since November, forcing ships to re-route
Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, 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
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.
Bulk ocean freight rates fall from highs despite uncertainty
Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions
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
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.
Container rates soar on concerns of prolonged Red Sea disruption, inflation
U.S. and British militaries have advised all ships to steer clear of the conflict zone
Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.
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
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.
Baltic Dry Index at 18-month high
Restrictions at the Panama Canal and congestion at Brazilian ports behind rate hike
The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has climbed sharply higher over the past few weeks to hit its highest level in 18 months.
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