The giant Ever Given container ship was finally pulled free from the bank of
the Suez Canal, allowing for a massive tail back of ships to start navigating
once again through one of the world’s most important trade routes, Bloomberg reports. Almost a week after
it was stranded across the critical waterway, snarling global trade that was
already under strain, salvage teams pulled the ship free from the sandy bank
with tugs. While the canal authority said navigation would resume, without
setting a time, container shipping company Hapag-Lloyd AG expects transit
through the waterway to start Monday evening, and the backlog of vessels to be
cleared within four days.
A tender by PIH for 30,000 mt – 45,000 mt of granular closed Monday, March 29 at $345/mt FOB. Agrifert Liven came in with the winning bid for the full tonnage. The price is $16/mt lower than the $361/mt FOB from the last tender, but higher than the reserve price of $340/mt FOB set by the producer. Shipment is slated for May. If it can be loaded by April 28, the material could be used to cover the Liven awards into India.
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