Food Shortages News

Scientists warn that climate change is the greatest peril that humankind has ever faced. Yet oil and gas exploration is set to clock the highest growth for more than a decade this year and next. Protesters cause disruption but, for the moment, hydrocarbon energy underpins life as we know it“Offshore oil and gas production probably matters now more than ever,” said Audun Martinsen. The Rystad Energy Partner and Head of Energy Research told Maritime Reporter & Engineering News.“It…

Russia has proposed that a U.N.-backed initiative that has enabled grains to be exported from Ukraine's Black Sea ports should be renewed for just 60 days.The deal to free up grain exports from Ukraine's southern Black Sea ports, which expires later this month, has previously been renewed for 120 days and there are concerns a shorter extension could cause logistical issues.Reached in July last year, it created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine…

A deal aimed at easing global food shortages by facilitating Ukraine's agricultural exports from its southern Black Sea ports was extended for 120 days on Thursday, though Moscow said its own demands were yet to be fully addressed.The agreement, initially reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine, a major producer of grains and oilseeds."I welcome the agreement…

A deal to free-up vital grain exports from Ukraine expires on Nov. 19, and intense negotiations over the next few days will determine whether it is extended and possibly even expanded to help ease concerns about global food security.The agreement, reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine, a major producer of grains and oil seeds.Here are some of the issues:WHAT HAS BEEN EXPORTED?The pact created a safe shipping channel for exports from three ports in Ukraine.So far…

Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after suspending it over the weekend in a move that had threatened to exacerbate hunger across the world. The Russian defense ministry said it had received written guarantees from Kyiv not to use the Black Sea grain corridor for military operations against Russia. "The Russian Federation considers that the guarantees received at the moment appear sufficient, and resumes the implementation of the agreement," the ministry statement said.

The United Nations, Turkey, and Ukraine are pressing ahead to implement a Black Sea grain deal with a transit plan in place for 16 ships on Monday, despite Russia suspending its participation in the pact that has allowed the export of Ukrainian agricultural products to world markets.Russia, which invaded Ukraine on Feb. 24, halted its role in the Black Sea deal on Saturday for an "indefinite term" because it said it could not "guarantee safety of civilian ships" travelling under the pact after an attack on its Black Sea fleet.The United Nations and Turkey…

Talks on extending a July deal that resumed Ukraine Black Sea grain and fertilizer exports are not making much progress because Russian concerns are not being taken into proper account, Russia’s U.N. ambassador in Geneva said on Thursday.Senior United Nations officials are negotiating with Russia to extend and expand the July 22 deal that could expire next month if an agreement is not reached.“I wouldn’t say that much has been achieved as a result of the latest consultations.

Around 82 ships with 418 seafarers remain stuck around Ukrainian ports despite the opening of a U.N.-backed sea corridor to ship grains with efforts to get the mariners sailing still stuck, shipping industry officials said on Thursday.The agreement reached in July, creating a protected sea transit corridor, was designed to alleviate global food shortages, with Ukraine's customers including some of the world's poorest countries.However, the initiative only involved dry bulk ships…

A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago.Ukraine's foreign minister called it "a day of relief for the world", especially for countries threatened by food shortages and hunger because of the disrupted shipments.The sailing was made possible after Turkey and the United Nations brokered a grain-and-fertilizer export agreement between Russia and Ukraine last month - a rare diplomatic breakthrough in a conflict that is grinding on with no resolution in sight."The first grain ship since #RussianAggression has left port," Infrastructure Minister Oleksandr Kubrakov said.

Russian missiles hit Ukraine's southern port of Odesa on Saturday, the Ukrainian military said, threatening a deal signed just a day earlier to unblock grain exports from Black Sea ports and ease global food shortages caused by the war.Ukrainian President Volodymyr Zelenskiy called the strike blatant "barbarism" showing Moscow could not be trusted to implement the deal. However, public broadcaster Suspilne quoted the Ukrainian military as saying the missiles had not caused significant…

A first cargo ship has left the Russian-occupied Ukrainian port of Berdyansk, a local official said on Thursday, after Russia said the port had been de-mined and was ready to resume grain shipments."After a stoppage of several months the first cargo ship has left the Berdyansk port," Yevgeny Balitsky, a Russian-installed official in Russian-occupied areas of Ukraine's Zaporizhzhia region, wrote on the Telegram messaging service.Russia's TASS and RIA news agencies cited Balitsky as saying the first cargo ship to leave Berdyansk was carrying 7,000 tonnes of grain to "friendly countries".

Russia and Turkey agreed to pursue talks on a potential safe sea corridor in the Black Sea to export grain from Ukraine after discussions in Moscow, the Russian and Turkish defense ministries said on Wednesday.In a statement, Turkey's defense ministry said a Turkish dry cargo vessel, the Azov Concord, had also safely left Mariupol as a result of the talks, and added the ship was the first foreign ship to leave the port since Russia invaded Ukraine on Feb. 24.Ukraine is one of the top global wheat suppliers, but shipments have been halted by Russia's invasion, causing global food shortages.

Ukraine faces a possible grain revenue loss of $6 billion as the blockade of its ports by Russian forces prevents it from selling millions of tonnes of wheat and corn that had been earmarked for export by June, a senior industry official said.Countries that rely on imports of Ukrainian wheat - including Egypt, Turkey and Yemen - will need to find alternative supplies, aid agencies have warned.Ukraine, a major producer of grain and oilseeds, exports 98% of its cereals through its ports and only a fraction by rail…

Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output."This place of peace and spirituality…

MSC Cruises, the world’s largest privately owned cruise company and leading cruise line in Europe and South America, has announced today that to date it has raised more than €8 million for UNICEF thanks to the generous contributions of its guests. The funds raised are used to provide malnourished children with Ready-to-Use Therapeutic Food (RUTF) such as Plumpy’ Nut and to date more than 6.5 million sachets of RUTF have been delivered to children in Ethiopia, South Sudan, Somalia and Malawi. Pierfrancesco Vago, MSC Cruises’ Executive Chairman commented: “We are delighted to have reached this new contribution milestone, thanks to the generosity of our guests. As a family-run Company, we care deeply about the wellbeing of families around the world.

The news that Venezuela's PDVSA has diverted a crude tanker from Curacao after ConocoPhillips moves to satisfy a $2 billion arbitration award signals that worst may be yet to come. Reuters is reporting that Venezuela's state-run PDVSA ordered a tanker waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillips introduced an order in a Caribbean court to seize its inventories and other assets in the island, according to a shipper and Reuters data on Tuesday. More than two days after at least two Caribbean courts ordered the temporary retention of inventories and facilities in Bonaire, Curacao, Aruba and St. Eustatius at U.S.

The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said. With Maduro running for another term in an April election that Washington and its allies oppose as a sham, the United States is weighing sanctions that would target Venezuela’s vital oil sector beyond what has been done before, the official told Reuters on Wednesday. Some measures could come before the vote and others could be imposed afterwards.

Turkish shipbuilder Karadeniz Holding plans to send an electricity generating vessel to Gaza to provide urgently needed power in the enclave left reeling by an Israeli bombing campaign that began last month. Karadeniz announced its intentions on Tuesday, shortly after Turkish Energy Minister Taner Yildiz said that a power ship - a floating power station - would be sent as soon as Gaza's port facilities had been upgraded. Israel began military operations in Gaza on July 8 in response to rockets being fired into Israeli territory by fighters loyal to Islamist group Hamas. The bombardment has left much of the enclave's already fragile infrastructure in tatters, sparking warnings from the United Nations over spiralling prices and food shortages.

Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers, a shift that is likely to push up import bills. The Black Sea region, mostly Ukraine and Russia, has become the major source of wheat and barley for Middle East importers from Libya, Egypt and Syria to Saudi Arabia and Yemen, dislodging U.S., Canadian and European suppliers who once dominated the market. Middle Eastern commodities traders and officials said fears that tensions between Russia and Ukraine could come to a head, however, are discouraging most buyers from striking deals with Ukraine suppliers for the new season, which starts in July. "At this time of the year, end of March, people are selling forward contracts for the new crop.

Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers, a shift that is likely to push up import bills. The Black Sea region, mostly Ukraine and Russia, has become the major source of wheat and barley for Middle East importers from Libya, Egypt and Syria to Saudi Arabia and Yemen, dislodging U.S., Canadian and European suppliers who once dominated the market. Middle Eastern commodities traders and officials said fears that tensions between Russia and Ukraine could come to a head, however, are discouraging most buyers from striking deals with Ukraine suppliers for the new season, which starts in July. "At this time of the year, end of March, people are selling forward contracts for the new crop.