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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
NTSB Issues Preliminary Report on Mexican Navy Tall Ship Collision with Brooklyn Bridge
The National Transportation Safety Board has released its preliminary report on the May 17 accident in which the Mexican Navy training vessel ARM Cuauhtémoc BE 01 struck the Brooklyn Bridge,...
From
Bloomberg
via
gCaptain
Trump’s Iran Oil Comments Strain His ‘Maximum Pressure’ Policy
President Donald Trump indicated that he might be preparing to ease his “maximum pressure” campaign against Iran, potentially undercutting a central policy dating to his first term and provoking consternation among foreign policy hawks who argue that now is the time to escalate — not lessen — pressure on Tehran.
From
Mike Schuler
via
gCaptain
U.S. Maritime Academies Graduate Over 1,100 Amid National Push to Rebuild Sea Power
More than 1,100 graduates from America’s seven maritime academies have joined the ranks of the U.S. maritime workforce as the Class of 2025, entering the industry during what officials describe...
From
Bloomberg
via
gCaptain
Italy’s Fincantieri Swaps Cruise Ships for Warships in Defense Bid
Fincantieri SpA plans to focus some Italian civil and military shipyards on just making warships, in the latest sign that Europe’s defense-spending bonanza is reshaping industrial strategy.
From
Mike Schuler
via
gCaptain
Report: Hanwha Moves to Reflag Korean-Built LNG Carriers Under U.S. Flag
Hanwha Ocean’s U.S. shipping affiliate has announced plans to reflag Korean-built liquefied natural gas (LNG) vessels to the U.S. flag, according to a Business Korea report. This move follows recent...
From
Mike Schuler
via
gCaptain
Container Losses Rise in 2024 as Red Sea Crisis Forces Riskier Routes
The World Shipping Council (WSC) released its annual Containers Lost at Sea report today, revealing that 576 containers were lost at sea in 2024, up from the record-low 221 containers...
From
Mike Schuler
via
gCaptain
U.S.-Built ECO Liberty Ushers in New Era for American Offshore Wind Vessels
Equinor has officially launched the Service Operations Vessel (SOV) ECO Liberty for deployment in its Empire Wind offshore wind project in New York. The vessel was christened on Saturday at a ceremony...
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From
Mike Schuler
via
gCaptain
OPEC Crude Tanker Loadings Surge 24% as Production Cuts Unwind
OPEC countries have recorded their highest weekly crude tanker loadings since April 2023, with a significant 24% week-on-week increase to 2.281 million barrels per day (mbpd) in week 23, according...
From
Reuters
via
gCaptain
Australia Confident US Will Proceed With Biden-Era Submarine Pact After Review
Australia's Defence Minister Richard Marles said on Thursday he was confident the AUKUS submarine pact with the U.S. and Britain would proceed, and his government would work closely with the U.S. while the Trump administration conducted a formal review.
From
Mike Schuler
via
gCaptain
Legal Action Initiated Against MSC Elsa 3 Owner and Crew Following Kerala Sinking
Indian authorities have launched a criminal case against the owner, master, and crew members of the containership MSC Elsa 3, which sank off the coast of Kochi, India, last month....
From
Reuters
via
gCaptain
U.S. Moves Embassy Staff Amid Growing Iran Confrontation
The United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to heightened security risks in the region, U.S. and Iraqi sources said on Wednesday.
From
Mike Schuler
via
gCaptain
Davie to Acquire Texas Shipyards, Seeking to Supercharge U.S. Icebreaker Production
Canadian shipbuilder Davie announced today its plans to acquire shipbuilding assets in Galveston and Port Arthur, Texas from Gulf Copper & Manufacturing Corporation, marking a significant expansion into the U.S....
From
Mike Schuler
via
gCaptain
Pentagon Calls Shipbuilding a Top Priority, But Congress Says Budget Falls Short
The Department of Defense has placed shipbuilding at the heart of its FY2026 strategy, pledging $5.9 billion to revitalize the U.S. maritime industrial base amid growing concerns over China’s naval...
From
Mike Schuler
via
gCaptain
Fire-Stricken Wan Hai 503 Continues to Drift Off Indian Coast as Salvage Efforts Intensify
The Singapore-flagged container vessel MV Wan Hai 503 remains adrift approximately 42 nautical miles off Beypore, Kerala, carrying 2,128 MT of fuel and hazardous cargo, posing an ongoing environmental risk....
From
Reuters
via
gCaptain
Trump Says U.S.-China Trade Deal ‘Done’ as Rare Earths, Tariffs Take Center Stage
A U.S.-China trade deal is "done," U.S. President Donald Trump said on Wednesday, hours after negotiators from Washington and Beijing agreed on a framework to get a fragile trade truce back on track and remove Chinese export restrictions on rare earth minerals and other critical industrial components.
From
Mike Schuler
via
gCaptain
Maritime Industry Leaders Signal Growing Concern Over Political Instability and Cyber Threats
The International Chamber of Shipping (ICS) released its Maritime Barometer Report 2024-2025 today in Athens, revealing a deepening concern among maritime leaders about their ability to navigate an increasingly complex...
From
Mike Schuler
via
gCaptain
UKMTO Issues Alert to Shipping as US-Iran Nuclear Tensions Rise
The United Kingdom Maritime Trade Operations Office (UKMTO) has issued an advisory to shipping warning of potential military escalation in the Arabian Gulf region that could directly impact maritime operations....
From
Reuters
via
gCaptain
Chinese Aircraft Carriers in Pacific Show Country’s ‘Expansionist’ Aims, Taiwan Says
The two Chinese aircraft carriers spotted conducting simultaneous operations in the Pacific for the first time send a political message about the country's "expansionist" aims, Taiwan Defence Minister Wellington Koo said on Wednesday.
From
Mike Schuler
via
gCaptain
Global Disruptions Drive Containership Fleet to Near Full Capacity, Alphaliner Says
The global container shipping industry is experiencing unprecedented levels of fleet utilization, with commercial idle capacity hitting a remarkable low of just 0.6% of the world’s 32.0 Mteu fleet, according...