Posted to Maritime Reporter
on
August 28, 2026
Chicago wheat futures reached a new three-year high on Friday as the market focused on military escalation along the Black Sea which threatens to put a squeeze on Russian and Ukrainian imports. Corn and soybeans reached 'new multi-year highs and lifetime contract highs.
Posted to Maritime Reporter
on
August 28, 2026
Chicago wheat futures reached a new three-year high on Friday as the market continued to focus on the military escalation in the Black Sea that threatens to put a squeeze on Russian and Ukrainian exports. Corn and soybeans reached new?multiyear highs. This was further supported by doubts about U.S.
Posted to Maritime Reporter
on
August 28, 2026
Gap's stock jumped by?about 22 percent in early Friday trading after the apparel retailer named industry veteran Michael Francis as CEO of Old Navy. Gap's largest brand, Old Navy, has been struggling to gain traction with select women's clothing categories over the past few quarters.
Posted to Maritime Reporter
on
August 28, 2026
Gap shares jumped 14% on Friday premarket after Michael Francis, an industry veteran, was named CEO of Old Navy. The move is intended to reinvigorate the brand amid a 'challenging spending environment. Gap's largest?brand?, Old Navy, has struggled…
Posted to Maritime Reporter
on
August 28, 2026
The U.S. president Donald Trump initially said that the Iran war would only last for four to five weeks. But we are now approaching the six-month mark. The financial markets' resilience in the face of what was thought to be an impending doomsday…
Posted to Maritime Reporter
on
August 28, 2026
Seven cargo vessels passed through the 'Strait of Hormuz' on Thursday. This is down from 17 a day before and below the 15-ship average for the past 10 days, according to preliminary data released on Friday. Initial data from the shiptracker Kpler at 0315 GMT showed that seven vessels transited…
Posted to Maritime Reporter
on
August 28, 2026
Wheat futures at the Chicago Board of Trade CBOT?extended Friday's rally as traders monitored Black?Sea grain export disruptions in response to tit-fortat attacks. Corn and soybeans?also gained. * The Chicago Board of Trade's (CBOT) most traded…
Posted to Maritime Reporter
on
August 27, 2026
Gap appointed a new chief executive officer for Old 'Navy on Thursday to reinvigorate a struggling brand. The apparel retailer had raised its yearly?profit forecast based on strong sales at its namesake label. Shares of 'company? soared by 16%…
Posted to Maritime Reporter
on
August 27, 2026
Chicago wheat futures rose?to a 3-year high on Thursday. This extended the previous session's limit up?rally. Reports that Russia could intensify its strikes against Ukraine fueled concerns of?prolonged interruptions to the massive Black?Sea grains trade.
Posted to Maritime Reporter
on
August 27, 2026
Data showed that shipping traffic in the Strait of?Hormuz rose slightly despite the?geopolitical standoff between the United States,?Iran and?Oman, as well as the?market monitoring?Iran's talks with Oman about the waterway. Kpler data showed…
Posted to Maritime Reporter
on
August 26, 2026
Wheat futures at the Chicago Board of Trade (CBOT), which trades wheat,?extended Thursday's rally due to the possibility that?Russia would intensify its strikes against Kyiv. This could lead to further disruptions in the region where the majority of the world's grain is produced.
Posted to Maritime Reporter
on
August 26, 2026
The price of European wheat futures rose 4% to a new one-month high on Wednesday, as fears about war disrupting the massive grain trade in the Black Sea were heightened by a report stating that Russia intends to intensify its?attacks against Ukraine.
Posted to Maritime Reporter
on
August 26, 2026
Chicago corn and wheat futures reached new multi-year highs on Wednesday, as expectations of a fall in?U.S. Analysts said that a combination of 'corn yields, and the ongoing disruption in Black Sea grain exports have maintained global uncertainty.
Posted to Maritime Reporter
on
August 26, 2026
On?Tuesday?, five commodity vessels crossed the Strait?of Hormuz. This was little different?from a previous day but still well below the 10-day shipping average of 15 preliminary data showed on Wednesday. Initial data from Kpler shiptracker showed that at 0408 GMT…
Posted to Maritime Reporter
on
August 25, 2026
FleetPartners Group announced on Wednesday that it had received a takeover bid from a consortium led by Japan's Sumitomo Corp. The offer valued the Australian vehicle leasing provider at A$813.1m ($582.26m). The offer turns the Australian takeover…
Posted to Maritime Reporter
on
August 25, 2026
Kristalina Georgeeva, Managing Director of the International Monetary Fund, said that the global economy had weathered a shock caused by the Iran War?energy better than expected. However, she expressed 'concerns' about deteriorating fiscal situations in some countries…
Posted to Maritime Reporter
on
August 25, 2026
Kristalina Georgeeva, Managing Director of the International Monetary Fund (IMF), said on Tuesday that global economic conditions have fared better than expected despite the Iran War energy shock. She also expressed concern about deteriorating…
Posted to Maritime Reporter
on
August 25, 2026
The market lowered the price of European wheat futures on Tuesday, as it assessed the chances for a diplomatic breakthrough that would ease Black Sea War disruptions that have choked Russian exports and Ukrainian imports. The December wheat contract…
Posted to Maritime Reporter
on
August 25, 2026
Analysts said that Chicago wheat futures on Tuesday eased from multi-year highs reached on Monday due to a?build-up of 'wheat' in Russia and diplomatic efforts to stop attacks on Black Sea ships. Corn futures were choppy, as the grain was boosted…
Posted to Maritime Reporter
on
August 25, 2026
Shipping data revealed that only two commodity vessels entered the gulf on Monday. This was the lowest daily tally of vessels since early May. According to Kpler, shiptracker, the figure was also below the 10-day median of 14. Only one large…
