Freight rates from China to West Coast down 90% as global trade falls off fast
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- Published on Tuesday, 20 December 2022 20:15
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- A 90% year over year drop in ocean freight rates for cargo from China bound to the U.S. West Coast exceeded the expectation among logistics firms for just how fast trade demand would fall.
- Prices in the ocean freight contract market posted a record monthly drop in November.
- Central banks around the world are fighting inflation by raising interest rates and cooling demand, but that can quickly turn into a recession rather than the “soft landing” for the economy banks including the Fed say their monetary policy can
VALE amplía su proyecto para implementar acerías y fundiciones en Medio Oriente
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- Published on Tuesday, 15 November 2022 06:56
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MUNDO MARITIMO
La minera brasileña VALE ha firmado una serie de Memorandos de Entendimiento (MoU) con países del Golfo Pérsico para el desarrollo de complejos industriales denominados "Mega Hubs" que promueven métodos de fabricación de acero con bajas emisiones de carbono que serán abastecidas mediante cargamentos de pellets de mineral de hierro transportados por buques VLOC y Valemax, según reporta BRS Dry Bulk.
El MoU firmado con el Centro Nacional de Desarrollo Industrial (NIDC) de Arabia Saudí incluye la construcción de una planta de pellets de mineral de
Black Sea grain deal should have no time limit: Erdoğan
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- Published on Monday, 14 November 2022 03:25
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Parties to the grain deal that has allowed Ukrainian grain exports to reach world markets via the Black Sea should agree to extend it beyond its expiration on Nov. 19, President Recep Tayyip Erdoğan said Saturday.
Answering the questions of journalists on the plane returning from Uzbekistan, Erdoğan said it is wrong to put a time limit on the grain corridor.
“We stated that the longer the time is kept, the more accurate it
How much grain has been shipped from Ukraine?
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- Published on Friday, 11 November 2022 04:13
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Published3 November
Russia is restarting its cooperation in a scheme to export grain from Black Sea ports, days after saying it was withdrawing.
In July Moscow agreed to allow ships to export millions of tonnes of grain and other foodstuffs from Ukraine through a safe corridor in the Black Sea.
How much food has been shipped from Ukraine?
After Russia invaded Ukraine, its navy imposed a blockade on Ukraine's Black Sea ports, trapping about 20 million tonnes of grain meant for export inside the country, along with other foodstuffs such as maize and sunflower oil.