Ocean Freight Market Update

All Ukrainian ports on the Black Sea and Azov Sea remain temporally closed to ships seeking to enter or exit. (Reuters) Low water after recent dry weather continues to prevent cargo vessels from sailing fully loaded on the river Rhine in Germany. (Reuters)

Canada on Monday called for a quick negotiated end to a work stoppage at the country's second-largest railroad. Canadian Pacific railway Ltd, that is set to aggravate of commodities sparked by Russia's invasion of Ukraine. (Reuters)

Canadian Pacific and the Teamsters Canada Rail Conference said they reached a deal with roughly 3,000 employees agreeing to return to work midday on March 22. CP said it will immediately begin working with customers to resume normal train operations across Canada as soon as possible. (Platts)

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