Page 9 - Container Freight News Today

Pirates off Nigeria's coast kidnapped 15 sailors from a Turkish-crewed container ship in the Gulf of Guinea on Saturday in a brazen and violent attack that was farther from shore than usual.

Ivory Coast's large backlog of unsold cocoa could cause an around 10% slump in the guaranteed price for the 2020/21 mid-crop and jeopardise the outlook for next season, industry sources said, amid a slowdown in demand linked to COVID-19.

4 Min Read ISTANBUL (Reuters) - Pirates off Nigeria’s coast kidnapped 15 sailors from a Turkish-crewed container ship in the Gulf of Guinea on Saturday in a brazen and violent attack that was farther from shore than usual. Turkish ambassador to Libreville, Nilufer Erdem Kaygisiz (C), meets Turkish sailors on board the attacked container ship MV Mozart in Port-Gentil, Gabon January 24, 2021. Turkish Embassy in Libreville/via REUTERS One sailor was killed in the raid, an Azerbaijani citizen, w...

Parents face "dramatic shortages" of childrens outdoor toys following a surge in demand since Christmas, warns a Powys business. Llanymynech-based toy retailer Rebo UK Ltd said a demand for ride on cars, bikes, quads and trucks and orders for outdoor climbing frames, slides, swings and trampolines have risen "beyond expectations". Consumers have been told that they should prepare for higher-than-expected price rises as demand, product shortages and the continued rise in transport costs ha...

6 Min Read SINGAPORE/MUMBAI/NAIROBI (Reuters) - Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the most important staple food for billions of people worldwide. FILE PHOTO: Bags of processed rice are seen arranged inside a warehouse in Benue, Nigeria December 3, 2019. REUTERS/Afolabi Sotunde/File Photo Rising food prices are a worrying trend in countries that depend on imports, while the cost of rice ...

3 Min Read ABIDJAN (Reuters) - Top cocoa producer Ivory Coast’s largest growers’ union called on its members on Monday to strike and threatened to block port deliveries in response to low prices and warehouse backlogs. A farmer works on a cocoa farm in Bobia, Gagnoa, Ivory Coast, December 6, 2019. REUTERS/Thierry Gouegnon//File Photo More than 100,000 tonnes of cocoa beans are piled up in farm warehouses because of a demand slump during the COVID-19 pandemic, prompting some farmers to sell...

Malaysia's medical glove makers face weeks of delays in delivering products to customers abroad due to a global shortage of shipping containers, hampering their ability to meet demand during the coronavirus crisis, industry officials said.

2 Min Read FILE PHOTO: Shipping containers are seen at a port in Hai Phong city, Vietnam July 12, 2018. REUTERS/Kham/File Photo LONDON (Reuters) - A group of leading investors on Wednesday called for an end to a crisis involving hundreds of thousands of seafarers stuck on ships for many months due to COVID-19, warning that the situation was creating bigger risks every day. About 90% of world trade is transported by sea, and coronavirus restrictions in many jurisdictions are affecting supply cha...

FBX Index: Looking forward As we moved through December and look forward towards 2021, market outlooks and FFA sentiment continues to fluctuate. Largely linked to consistent gains in spot prices, the majority of the front haul routes have seen a substantial upwards correction. FBX 01 China/ East Asia to North America West Coast saw gains throughout the 2021 periods with the full calendar year 2021 (Cal 21) now sitting at a relative high of $3,400 indicatively. Whilst the spot price for Trans-Pa...

By Reuters Staff 2 Min Read FILE PHOTO: DP World CEO Sultan Ahmed bin Sulayem attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse DUBAI (Reuters) - Israel is a logical, strategic link between ports in Europe and the Middle East, DP World’s chairman said on Monday, estimating initial UAE-Israel bilateral trade could be worth $5 billion. Dubai state-owned DP World, one of the world’s largest port operators, i...