Tuesday, September 26, 2023

Food

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Food

EU Takes Aim at Russian ‘Cynicism’ On Black Sea Grain Deal At G20

The European Union castigated Russia on Saturday for pulling out of the Black Sea grain deal, calling its offer of a million tons of...

Global rice exports could fall 4% due to India’s export restrictions

Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply. Replacing...

Brazil clears bottlenecks to oust US as top corn exporter

Brazil is set to overtake the U.S. this year as the world’s top corn exporter, reflecting both a bumper harvest and logistical breakthroughs such...

Ukraine may use new Black Sea route for grain shipments – producers

Ukraine is considering using its newly-tested wartime Black Sea export corridor for grain shipments after the first successful evacuation of a vessel along the...

Third of Ukraine Crop Exports Wiped Out After Black Sea Block

The Kremlin’s efforts to paralyze Ukrainian food shipments are succeeding, with a third of the country’s crop exports wiped out since its Black Sea...

China July soybean imports from US tumble, Brazil shipments surge

China’s soybean imports from the United States tumbled 62% in July from a year earlier while shipments from Brazil, its top supplier, surged 32%,...

Soybean, grain futures drop as traders shed risk

Chicago soybean and grain futures turned lower on Friday as improving growing weather led investors to anticipate that U.S. Midwest crop conditions will improve,...

U.S. farmers expect corn harvest could be second-biggest ever

The U.S. corn harvest could be the second-largeston record as rains during July shepherded the crop through its critical development phase, offsetting dry conditions...

Pope urges Russian ‘brothers’ to restore Black Sea grain deal

Pope Francis on Sunday called on Russia to reverse its decision to abandon the Black Sea grain deal, under which it had allowed Ukraine...

Black Sea conflict boosts wheat prices in Southeast Asia, Australia

Black Sea wheat offers into Southeast Asia rose $10/mt overnight, with Romanian and Bulgarian feed wheat offers to Vietnam for August to September shipment...

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Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Korea’s STX denies rumor that it is backed by Chinese fund

South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, while refuting the false reports appearing through...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Baltic index snaps 11-session rally as rates for larger vessels ease

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index rises for 11th straight session on strong vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

The elite of the Shipping Industry meets at the “Maritime Cyprus 2023” Conference

The main theme of this year’s Conference is “Shipping in Action: An agenda for...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...

Thessaloniki, Gdańsk ports to explore synergies

Thessaloniki Port Authority S.A is expanding its role as a port of international importance through a new cooperation with the Port of Gdańsk Authority...

Hapag-Lloyd CEO: Counteroffer for HHLA would not be in our interest

Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper’s interest to make an offer for HHLA...