The $34 billion merger between U.S. grains merchant Bunge and Glencore-backed Viterra is on track for conditional approval from the European Union, according to a source with direct knowledge of the matter. The deal, announced …
Continue readingTag: Supply Chain
Container Shipping Rates Surge to Near $10,000, Fueling Importer Frustration
US importers are facing rising frustration as container shipping rates from Shanghai to New York have soared to nearly $10,000 per 40-foot container. The Drewry World Container Index spot rate hit $9,387 on July 11, …
Continue readingGold Shines in the Short Term, Copper Still a Mid-Term Favorite: Deutsche Bank Commodity Survey
Deutsche Bank’s latest Global Mining & Commodities Survey reveals a shift in investor sentiment, with gold emerging as the preferred metal in the near term. While decarbonization remains a key driver for commodity demand, concerns …
Continue readingTexas Ports Shutter as Tropical Storm Beryl Bears Down
As Tropical Storm Beryl intensifies, ports along the Texas coast are bracing for impact. Ports are enacting closures and restricting traffic to prepare for the storm’s expected landfall as a Category 1 hurricane later this …
Continue reading