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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
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.
From
Mike Schuler
via
gCaptain
Photos: Car Carrier ‘Morning Midas’ Catches Fire with Electric Vehicles Off Alaska
The U.S. Coast Guard is coordinating response efforts after a fire broke out aboard the vehicle carrier Morning Midas approximately 300 miles south of Adak, Alaska. The response began when...
From
Mike Schuler
via
gCaptain
Severe Weather Causes $2 Million Towing Vessel Casualty Near Galveston
The National Transportation Safety Board (NTSB) has released its findings on the capsizing and sinking of the towing vessel Baylor J. Tregre near Galveston, Texas, which occurred on May 13,...
From
Bloomberg
via
gCaptain
Iran Oil Flows to China Fall on Sanctions, Refinery Maintenance
Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil fuel importer.
From
Mike Schuler
via
gCaptain
U.S. Coast Guard’s New Arctic Icebreaker USCGC Storis Sets Sail on Maiden Voyage
The U.S. Coast Guard has marked a significant milestone in its Arctic capabilities with the maiden voyage of its newest icebreaker, USCGC Storis (WAGB 21), departing from Pascagoula, Mississippi. The...
From
Mike Schuler
via
gCaptain
Ocean Economy Hits $2.2 Trillion as Environmental and Trade Tensions Mount, UNCTAD Reports
Ocean-based sectors have emerged as a cornerstone of global trade, reaching a significant milestone of $2.2 trillion in 2023, accounting for 7% of world trade. A new Global Trade Update...