Freight rates from China to West Coast down 90% as global trade falls off fast

 

 

 

 

 

 

 

STATE OF FREIGHT

 

PUBLISHED WED, DEC 7 20229:28 AM ESTUPDATED WED, DEC 7 20226:40 PM EST
Lori Ann LaRocco@LORIANNLAROCCO
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KEY POINTS
  • 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

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VALE amplía su proyecto para implementar acerías y fundiciones en Medio Oriente

 

 

 

MUNDO MARITIMO

14 de Noviembre de 2022
 
VALE amplía su proyecto para implementar acerías y fundiciones en Medio Oriente abastecidas por buques VLOC y ValemaxNaves suministrarán pellets de mineral de hierro aptas para fabricación de acero con bajas emisiones 

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

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Black Sea Grain Initiative Joint Coordination Centre

https://www.un.org/en/black-sea-grain-initiative/vessel-movements

 

Vessel Movements

Data

Live data: Details on all Black Sea Grain Initiative outbound shipments

Live data: Black Sea Grain Initiative cargo totals by destination and commodity

More visualizations and downloads here

Outbound voyages

Destinations indicated are based on information received at the JCC and may change based on commercial activity.

Cargo may be processed and re-exported from the primary destination.

 

 

 

 

 

Black Sea grain deal should have no time limit: Erdoğan

 

 
Commercial vessels, including vessels that are part of the Black Sea grain deal, wait to pass through the Bosporus strait off the shores of Yenikapı during a misty morning in Istanbul, Türkiye, Oct. 31, 2022. (Reuters Photo)
 
 
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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

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How much grain has been shipped from Ukraine?

 

  • Published
    3 November
Related Topics
 
IMAGE SOURCE,GETTY IMAGES
Image caption,
A grain ship in the port of Chornomorsk on Ukraine's Black Sea coast

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.

Since Ukraine is one of the world's largest exporters of food,

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