War in Ukraine Raises Global Shipping Costs, Stifles Trade -UNCTAD
The war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel demand and the cost of shipping around the world, the UN Conference on Trade and Development (UNCTAD) said. Container shipping and global value chains have been disrupted and many countries have had to look further afield for suppliers of oil, gas and grain.In a report entitled “Maritime trade disrupted: The war in Ukraine and its effects on maritime trade logistics” published on 28 June 28…
Russian Food Import Ban: Trucks Lose, Shipping Wins
Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports. The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg, was using its 12 refrigerated trucks to ship 80 loads a month of Finnish milk products to Russia. But the ban on imports of dairy products, fruit, vegetables, meat, and fish from Europe has brought work for Niinivirta and similar specialist local truckers to a near standstill.
Egypt Pushing Ahead with Suez Port Expansion Projects
Egypt is pressing ahead with plans to develop a new wheat storage facility and expand port operations at two terminals in the Suez area as the country looks to bolster strategic food reserves and attract investment, a top port official said. President Abdel Fattah al-Sisi, who as armed forces chief toppled Islamist President Mohamed Mursi last July following mass protests, was sworn in on Sunday and seeks to fix Egypt's economy while overcoming political divisions after a long period of turmoil and bloodshed.
Crowley Makes First Major Livestock Shipments to Cuba in 40 Years
Over the past three weeks Crowley Liner Services has transported more than 400 head of cattle, plus sheep and bison, from the United States to Havana, Cuba - the first shipments of livestock direct from the U.S. in more than 40 years. Gulfport, Miss., and Port Everglades and Jacksonville, Fla. bulls, 12 bison, and one shorthorn sheep. 140. Jacksonville on August 9 and arrived in Havana yesterday. and plenty of water to drink. handler was present onboard the ships during each voyage. The animals were purchased from various U.S. export exception to the Cuban embargo. were worked out during the U.S. held last year in Havana. handle additional livestock shipments for the foreseeable future. well as for U.S.-Cuban trade," said Crowley Vice President Jay Brickman. planning.
