August 5, 2022
Ukraine Seeks to Extend Shipping Safe Passage Deal Beyond Grain

Ukraine Seeks to Extend Shipping Safe Passage Deal Beyond Grain

Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia's invasion was due in Ukraine to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals.The July 22 deal…
August 5, 2022
China’s Military Drills Near Taiwan Disrupt Key Shipping Lanes

China’s Military Drills Near Taiwan Disrupt Key Shipping Lanes

China's military exercises in the waters around Taiwan have prompted some ships to navigate around the Taiwan Strait and give the island a wide berth, disrupting key trading routes for cargo and commodities sailing around the world, analysts said.Angered by U.S.
August 5, 2022
Baltic Dry Index Slips to Six-month Low

Baltic Dry Index Slips to Six-month Low

The Baltic Exchange's main sea freight index dipped to a near six-month trough on Friday and registered its worst week in more than two months, hit by weakness across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
August 5, 2022
Rhine Water Level Falls Again in Germany, Raising Freight Costs

Rhine Water Level Falls Again in Germany, Raising Freight Costs

Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Friday.Freight shipping on the river continues but with vessels…
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