exports News

Strikers Shut Down Vital Great Lakes Shipping Artery for Days, Negotiations Looming

MINNEAPOLIS (AP) — A strike has shut down all shipping on the St. Lawrence Seaway, interrupting exports of grain and other goods from Canada and the United States via the Great Lakes to the rest of the world. Around 360 …

Ukraine Cargo Insurance Policy Suspended After Russia Quits Grain Deal

LONDON –– A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United Nations-backed agreement, broker Marsh said on Tuesday. Moscow has withdrawn from the year-old grain export …

Insurers Reviewing Black Sea Ship Cover After Russia Suspension

LONDON, July 17 (Reuters) – Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through …

Ship Insurers Seek More Assurances on Ukraine Grain Corridor

LONDON –– Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers …

European Gas Jumps as Fire in US Compounds Russia Supply Concern

Europe’s natural gas prices jumped after a fire at a large export terminal in the US wiped out deliveries to a market that’s on high alert over tight Russian supplies. Benchmark futures traded in Amsterdam snapped a six-day falling streak, …

As Natural Gas Industry Expands in Gulf, Residents Fear Rising Damage

LAKE CHARLES, Louisiana (AP) — The front lawn of Lydia Larce’s home is strewn with debris: Remnants of cabinets and chunks of pink shower marble lie between dumpsters. She lives in a FEMA trailer out back, her home in shambles …

Another Ferry Seized on Disrupted Dover-Calais Route

LONDON –– A second P&O ferry that sails between the English town of Dover and the French city of Calais has been detained by British officials due to a “number of deficiencies,” likely exacerbating Easter holiday travel disruption. P&O Ferries, …

Ukraine Guarantees Insurance Payouts for Vessels Damaged at its Danube Ports

LVIV, Ukraine –– Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities on its stretch of the Danube, according to the government decision published on Friday. Ukraine exports almost …

Cyclone Damages Indian Crops Just Before Harvesting

MUMBAI — Heavy rains brought by Cyclone Gulab damaged India’s summer-sown crops such as soybeans, cotton, pulses and vegetables just before harvesting in key growing regions, which could reduce production and lift prices, industry officials told Reuters. Lower production could …

Farmers Face Supply Shortages, Higher Costs After Hurricane Ida

CHICAGO — Troy Walker’s phone will not stop ringing at his Kansas farm cooperative, with growers needing fertilizer for their wheat fields in the coming months. In Kentucky, corn and soybean farmer Caleb Ragland said shelves at his local farm …