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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Mike Schuler
via
gCaptain
Second Officer Charged in Containership’s Grounding Near Norwegian Home
A Ukrainian Second Officer has been charged with negligent navigation under Norway’s Ship Safety and Security Act after the containership NCL Salten ran aground near Trondheim on Thursday. The officer,...
From
Mike Schuler
via
gCaptain
U.S. Coast Guard Releases Footage of Titan Sub’s Final Moments
The U.S. Coast Guard has released footage documenting the final moments of OceanGate’s Titan submersible, capturing the instant the vessel was lost during its descent to the Titanic wreck site....
From
Bloomberg
via
gCaptain
Poland Says Key Infrastructure at Risk After Baltic Sea Incident
Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming “a new area of confrontation” with Russia, putting the country’s critical infrastructure increasingly at risk.
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back Ahead of Long Weekend
Soybean futures are posting losses of 5 to 9 cents across most contracts on Thursday. The cmdtyView Cash Bean price is down 8 ½ cents to $10.10 3/4. Soymeal futures are $2.90/ton higher on the day, with Soy Oil futures up 36 points. The market will be closed on Monday...
From
Austin Schroeder
via
Barchart
Wheat Market Mixed at Midday
The wheat complex is trading with mixed action, as spring wheat is holding higher. Chicago SRW futures are 3 to 4 cents lower on the day. The Kansas City HRW contracts are 3 to 4 cents in the red at midday. Minneapolis spring wheat futures are up 5 to 7...
From
Austin Schroeder
via
Barchart
Corn Bulls Backing Off Ahead of the Weekend
Corn futures are backing off on Friday, with contracts down 2 to 4 cents. The front month CmdtyView national average Cash Corn price is down 3 1/2 cents at $4.33 3/4. The market will be closed on Monday for Memorial Day, as well as the government reports delayed, with a...
From
Reuters
via
gCaptain
Markets Rattle as Trump Escalates Trade Threats Against EU, Apple
U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all iPhones bought by U.S. consumers.
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From
Reuters
via
gCaptain
North Korea Launches Probe into Warship Launch Fail
North Korea has begun a full-scale investigation into the accident that occurred during the launch of a warship this week, state media KCNA reported on Friday.
From
Mike Schuler
via
gCaptain
Frontline Posts $33M Profit as Tanker Market Weathers Geopolitical Storms
Frontline plc reported a profit of $33.3 million for the first quarter of 2025, with revenues reaching $427.9 million. The tanker company continues to demonstrate resilience in a market characterized...
From
Mike Schuler
via
gCaptain
ABS Grants Approval for First U.S. Liquefied CO2 Barge Design
Classification society ABS has awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG) for its groundbreaking liquefied carbon dioxide (LCO2) barge design. The vessel, designed as an articulated...
From
Mike Schuler
via
gCaptain
Equinor and Polenergia Secure €7.2 Billion Financing for Major Polish Offshore Wind Projects
Equinor and Polenergia have reached financial close on their Ba?tyk 2 and Ba?tyk 3 offshore wind projects, securing over €6 billion in project financing. The joint venture partners, with equal...
From
The Loadstar
via
gCaptain
Tariff Truce Spurs a Slow-Burn Surge in Transpacific Freight Rates
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at a far gentler pace than last week’s GRI-induced double-digit growth, as carriers rushed to return capacity in anticipation of at least a short-term demand bounce.
From
Oliver Sloup
via
Barchart
Grains Slide Lower on Tariff Talk Ahead of the Long Weekend
Grain markets stalled against resistance in yesterday’s trade and are retreating this morning following trade headlines ahead of the long weekend
From
Reuters
via
gCaptain
Russia and Bahrain in Advanced Talks Over LNG Supply Deal, Sources Say
Russia is in advanced talks with Bahrain over a three-year liquefied natural gas (LNG) agreement under which Moscow would supply the Gulf kingdom with 1.5 million metric tons of the fuel, according to three sources close to the matter.
From
Bloomberg
via
gCaptain
Japanese Gas Tanker Giant MOL Sees Difficulty Buying Chinese Vessels
Mitsui O.S.K. Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being as the US ramps up scrutiny of the Asian country’s shipbuilding industry.
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back Early on Friday Morning
The soybean market is trading with losses of 5 to 7 cents across the nearbys. Soybean futures saw stronger action into the Thursday close despite a weaker start overnight. Contracts closed with 3 to 5 cent gains as meal gains were supportive. Preliminary open interest rose 12,154 contracts on Thursday....
From
Austin Schroeder
via
Barchart
Wheat Trading Mixed on Friday Morning
Wheat is showing mixed action across the three markets early on Friday, with contracts sticking close to unch. The wheat complex trading posted losses across most contracts on Thursday, with some in the KC market holding higher. Chicago SRW futures were 3 to 5 cents lower on the day. Thursday’s...
From
Austin Schroeder
via
Barchart
Corn Post Mixed Thursday Close
Corn price action is trading with contracts down 1 to 2 ¼ cents across most contracts on Friday morning. Futures posted mixed action on Thursday, with nearby July up 2 cents and other contracts 1 to 3 cents lower. Preliminary open interest from Thursday showed short covering in July, down...
From
Austin Schroeder
via
Barchart
Corn Post Mixed Thursday Close
Corn futures posted mixed action on Thursday, with nearby July up 2 cents and other contracts 1 to 3 cents lower. The front month CmdtyView national average Cash Corn price was up 2 1/2 cents at $4.36 1/4. This morning’s Export Sales report showed 1.19 MMT in corn sales during...