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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
Bloomberg
via
gCaptain
Oil Tanker Suffers Unexplained Blast Weeks After Russia Call
A tanker hauling 1 million barrels of oil suffered an explosion while near Libya, its manager said Monday. The Vilamoura is being towed to Greece, where damage will be assessed upon arrival. The blast caused water intake and the vessel’s engine room is flooded, a spokesperson for TMS Tankers said. Exactly what caused the explosion was unclear, they added.
From
Malte Humpert
via
gCaptain
Russia Deploys New ‘Shadow Fleet’ LNG Carrier to Load Gas at Sanctioned Arctic Project
Russia has started renewed efforts to export liquefied natural gas from its flagship project, Arctic LNG 2. After mothballing the plant for nearly nine months last fall, majority owner Novatek has seemingly launched a new attempt to lift cargoes from the facility.
From
Reuters
via
gCaptain
Russia’s Warships Conduct Drills In Sea Of Japan
June 30 (Reuters) – Russian warships and coastal missile systems struck simulated maritime targets with cruise missiles during exercises in the Sea of Japan, TASS state news agency reported on Monday, citing Russia’s defense...
From
Bloomberg
via
gCaptain
China’s Envoy Urges Australia To Resist US Pressure On Military Spending
By Michael Heath Jun 29, 2025 (Bloomberg) –China’s envoy to Canberra urged Australia not to be “incited” by NATO’s support for US demands to sharply raise defense spending and instead cooperate...
From
Reuters
via
gCaptain
With A Primitive Canoe, Scientists Replicate Prehistoric Seafaring
By Will Dunham June 25 (Reuters) – Our species arose in Africa roughly 300,000 years ago and later trekked worldwide, eventually reaching some of Earth’s most remote places. In doing so, our ancestors surmounted geographic barriers including...
From
Bloomberg
via
gCaptain
Russia Tries Again to Expand LNG Exports Upended by Sanctions
By Stephen Stapczynski Jun 28, 2025 (Bloomberg) –Russia is taking another crack at expanding exports of liquefied natural gas after US sanctions stalled efforts last year. An LNG vessel has docked at the...
From
Bloomberg
via
gCaptain
First Quantum Starts Shipping Stockpiled Copper From Panama Mine
By Julian Luk and Jacob Lorinc Jun 27, 2025(Bloomberg) –First Quantum Minerals Ltd. has started shipping stockpiled copper from its stalled mine in Panama, 19 months after the operation was shut...
The APS Information Center
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From
The Loadstar
via
gCaptain
Container Spot Rates Surge as June GRIs Kick In
Container spot freight rates on the transpacific and Asia-Europe trades saw a massive jump this week, as a series of 1 June general rate increases (GRIs) took effect and held for the remainder of the week.
From
Mike Schuler
via
gCaptain
Coast Guard Overflight Footage Reveals Fire Spreading on Morning Midas Car Carrier Off Alaska Coast
A Coast Guard C-130J Super Hercules aircrew conducted an overflight of the burning car carrier Morning Midas on Wednesday, revealing the fire has spread to multiple decks and the vessel...
From
Mike Schuler
via
gCaptain
Containership’s Back-to-Back Breakdowns Prompt New Zealand Crackdown on Substandard Ships
The Transport Accident Investigation Commission (TAIC) of New Zealand has called for legislative changes to ban substandard ships from the country’s waters following a series of incidents involving the containership...
From
Reuters
via
gCaptain
North Korea’s Warship Launched After Botched First Attempt, KCNA Says
North Korea has launched a warship that was damaged in May upon its attempted first launch, state media KCNA reported on Friday. After restoring the balance of the 5,000-tonne destroyer earlier in June, it was launched on Thursday and is now moored at a pier, KCNA said.
From
Mike Schuler
via
gCaptain
DHS Cancels $260M Coast Guard Cutter Contract with Huntington Ingalls
Department of Homeland Security Secretary Kristi Noem announced today the cancellation of a delayed Legend-class National Security Cutter contract with Huntington Ingalls Industries (HII), resulting in $260 million in taxpayer...
From
Reuters
via
gCaptain
U.S. Trade Deficit Narrows Sharply in April as Imports Post Record Drop
The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.
From
Reuters
via
gCaptain
The Tariff-Fueled Container Rally May Be Running Out of Steam
Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S. and China, but there are signs that demand underpinning the surge is moderating, financial analysts and maritime consultants said.
From
Mike Schuler
via
gCaptain
DOJ Files Criminal Charges Against Ship Captain for Sexual Assault at Sea
The U.S. Department of Justice has filed criminal charges against former ship captain John Merrone for allegedly drugging and sexually assaulting a U.S. Merchant Marine Academy cadet aboard the American-flagged...
From
Mike Schuler
via
gCaptain
Resolve Marine Mobilizes Salvage Team to Combat Fire on Car Carrier Off Alaska
Zodiac Maritime has appointed Resolve Marine to lead salvage operations for the vehicle carrier Morning Midas, which continues to burn approximately 300 miles south of Adak, Alaska. The incident began...
From
Reuters
via
gCaptain
Red Sea Shipping Traffic Rises After Houthis Narrowed Targets
Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began attacking ships in the region, according to the commander of the EU's Aspides naval mission.
From
Mike Schuler
via
gCaptain
Transpacific Freight Rates Surge Amid Trump Tariff Turmoil
Global container shipping rates have seen a dramatic upturn, with Drewry’s World Container Index climbing 41% this week to reach $3,527 per 40ft container. This increase stems from President Trump’s...
From
Bloomberg
via
gCaptain
Burning Ship Abandoned in Pacific Carried Several Chinese Car Brands
A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter.