Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: The Master of the M/V Tomini Destiny has refused to allow discharge of a bulk cargo in Bangladesh due to concerns over the added risk of COVID-19 from local stevedores. This is probably the first reported problem of this type, but it will certainly not be the last. There are problems in many ports with crew changes and replacement, as new crew members are not able to get to vessels due to lockdowns in many countries while current crew members cannot leave the vessels. Egypt’s GASC is looking at making changes to its wheat tenders – GASC may ask for tender offers as CNF rather than the normal FOB prices. It is said that GASC may also change to sight letters of credit (L...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.