SINGAPORE—Russia’s weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and sparking gains in prices. Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia’s withdrawal, while Ukrainian corn…
World Food Supplies at Risk as Russia Withdraws From Black Sea Deal
October 31, 2022
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3 More Ships With Grain Depart Ukraine Ports Under UN Deal
August 6, 2022
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Three more ships carrying thousands of tons of corn left Ukrainian ports Friday and traveled mined waters toward inspection of their delayed cargo, a sign that an international deal to export grain held up since Russia invaded Ukraine was slowly progressing. Two of the three ships anchored north of Istanbul on Saturday are awaiting inspection,…
Moscow Fumes After EU Cuts Off Shipments to Baltic Outpost
June 21, 2022
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KYIV—Russia summoned the European Union’s ambassador in Moscow on Tuesday, fuming over what it calls an illegal rail blockade of a Russian outpost on the Baltic Sea, the latest stand-off over sanctions imposed over the war in Ukraine. On the ground in eastern Ukraine, Russia’s separatist proxies said they were advancing towards Kyiv’s main battlefield…
Coffee Traders Scramble to Redirect Russia, Ukraine Shipments
March 15, 2022
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LONDON—Coffee traders are scrambling to redirect shipments headed for Russia and Ukraine as trade flows to the two countries collapse due to Western sanctions imposed on Moscow and Kyiv’s move to close its ports. Russia is the world’s fourth-largest coffee importer after the European Union, the United States, and Japan. “(Trade flows) are grinding to…
Russia’s Gazprom Says Continues Gas Shipments via Ukraine at Same Volume
March 12, 2022
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Russian natural gas company Gazprom said on Saturday it was continuing gas shipments via Ukraine at an unchanged volume of 109.5 million cubic metres a day.
United States Allows Shipments of PEI Potatoes to Resume to Puerto Rico
February 8, 2022
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WASHINGTON—The United States Department of Agriculture has agreed to allow the resumption of shipments of Prince Edward Island potatoes to Puerto Rico. Exports to Puerto Rico and the continental United States have been on hold since November following the discovery of potato wart in two P.E.I. fields. The fungal parasite spreads through the movement of…
Citi Expects Intel, AMD to Beat Q4 Guidance
Citi analyst Christopher Danely noted that notebook shipments were up 10 percent month-over-month in November due to improved enterprise demand, beating the firm’s forecast for a 6 percent month-over-month increase. Based on the better than expected notebooks data, overall PC strength, and demand for servers, Danely said he expects both Intel Corpand Advanced Micro Devices Inc….
Huawei Spin-Off Brand Honor Enters Top Three in China Shipment Ranking: Research
SHANGHAI—Honor, the Chinese smartphone brand and Huawei Technologies Co. Ltd. spin-off, saw shipments soar in the latest quarter to become the country’s third-ranked brand, said research firm Counterpoint Research, which tracks hardware. The brand’s swift rise comes after Huawei saw sales tank following sanctions imposed by the United States that prevented it from sourcing chips….
TV Production Business Boosts Hasbro as Toy Shipments Take a Hit
October 26, 2021
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Hasbro Inc. beat quarterly profit estimates on Tuesday, helped by a rebound in its TV and film production business that cushioned some of the impact from toy shipment delays due to global supply chain bottlenecks. The toymaker’s shares rose 5 percent in early trading, despite the company’s warning that its sales could take a hit…
Shipping Snags Prompt US Firms to Mull Retreat From China
August 5, 2021
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WASHINGTON—Toy maker Eric Poses created a card game last year he called The Worst-Case Scenario, a wry reference to the way the coronavirus had upended normal life. He had no idea. In a twist that Poses never could have predicted, his game itself would become caught up in the latest fallout from the health crisis:…
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