Page 18 - Container Freight News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 below the guaranteed farm gate price. The National Association of Ivorian Producers (ANAPROCI), whi...

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 chains. In December the U.N. General Assembly urged all countries to designate seafarers and other mari...

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-Pacific front haul rates has been flat, with much of the price fluctuation due to heavy surcharging of...

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, is partnering with an Israeli group to bid for one of Israel’s main ports. “The port facilities (...