.svg){kind=icon}
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
Reuters
via
gCaptain
Trump Set to Tout Korean Investment in Alaska LNG, Other Projects, Sources Say
President Donald Trump could unveil plans as soon as Wednesday to tap South Korea's pledged strategic investment package for about $54 billion to build a liquefied natural gas facility in Alaska and several other major US projects, according to two people familiar with the discussions.
From
Bloomberg
via
gCaptain
JPMorgan and Goldman See Mideast Oil Flows Near Pre-War Levels
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc.
From
Mike Schuler
via
gCaptain
Saronic Wins Navy Production Contract for 180-Foot Autonomous Surface Vessel
Saronic Technologies has won a U.S. Navy production contract for its 180-foot Marauder autonomous surface vessel after completing an at-sea evaluation that put the ship through more than 140 scenarios over eight...
From
Mike Schuler
via
gCaptain
Cheniere Signs 22-Year LNG Supply Deal With Petrobras
Cheniere Energy has signed a 22-year agreement to supply Brazil’s Petrobras with U.S. liquefied natural gas, adding another long-term customer as the company looks to support further expansion of its...
From
Bloomberg
via
gCaptain
Russian Crude Exports Boom Blunted by Kremlin’s Diesel Sales Ban
Russia shipped the most crude in a month-and-a-half, while a jump in prices propelled the value of those cargoes close to the highest since the start of the invasion of Ukraine in 2022. But the benefits to the Kremlin are being undermined by its ban on overseas diesel sales.
From
Paul Morgan
via
gCaptain
Old Hulls, New Money: Why the VLCC Market Has Stopped Counting Years
For most of shipping history, the valuation equation has been straightforward. A ship leaves the yard, begins ageing and progressively loses value. New steel commands the premium. Older steel trades at a discount.
From
Reuters
via
gCaptain
Trump Denies Offering Iran Sanctions Relief, Tehran Says it is Ready for Talks
US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear program.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
gCaptain
via
gCaptain
The Return of Sail Power: Cargo Ships Are Turning Back to the Wind
For more than a century, commercial shipping steadily moved away from sails. Now they are coming back. Across the global fleet, shipowners are installing towering rotor sails, rigid wings and...
From
Mike Schuler
via
gCaptain
WindWings Eyed for Next-Generation HD Hyundai LNG Carrier
Korean Register, HD Hyundai Heavy Industries, BAR Technologies and the Liberian Registry are teaming up to study the use of large wing sails on a new generation of LNG carriers.
From
Reuters
via
gCaptain
Oil Prices Surge as Saudi Red Sea Loadings Halt, Libya Shuts Fields
Oil prices rose by over $3 on Tuesday after shipping industry sources said oil loadings at Saudi Arabia's Red Sea port of Yanbu had been suspended, and Libya halted operations at three oil fields, heightening concerns that disruptions to key oil supply routes could persist for weeks.
From
Mike Schuler
via
gCaptain
Coast Guard Awards $173.7 Million for New Polar Cutter Berths in Seattle
The U.S. Coast Guard has awarded a $173.7 million contract to continue a major modernization of Base Seattle, including new berthing infrastructure intended to support the service’s future Polar Security...
From
Reuters
via
gCaptain
Russia and Ukraine Press on With Energy Strikes Despite Trump
Russia hit petrol stations in Kyiv on Tuesday and Ukraine struck a Russian oil refinery, as the warring sides carried on with strikes on each other's energy targets despite an announcement by U.S. President Donald Trump that they had agreed to stop.
From
Mike Schuler
via
gCaptain
Port of Los Angeles Cargo Operations Disrupted After Containers Go Overboard
Three shipping containers fell from a vessel into the water at the Port of Los Angeles on Tuesday, forcing authorities to establish a safety zone while crews worked to secure...
From
Mike Schuler
via
gCaptain
Oman Says ‘El Gaia’ Being Towed to Port; Two Crew Missing
Omani authorities said Tuesday that the Panama-flagged tanker El Gaia is being towed to port after a fire aboard the vessel was brought under control, while two crew members remain missing. Oman’s...
From
Bloomberg
via
gCaptain
Maersk Keeps Defying Bearish Expectations as Shares Soar
A.P. Moller-Maersk A/S keeps giving analysts reasons to reconsider their bearish views on its shares. The stock has surged nearly 60% this year as a boost to freight rates from stronger demand and supply line disruptions has spurred the Danish shipping giant to upgrade its guidance twice over the summer. Maersk has also weathered concerns over fuel costs from the Middle East conflict, and the impact of US tariffs.
From
Reuters
via
gCaptain
Russia Accuses Danish Military Helicopters of making Dangerous Maneuvers Near Its Warships
Russia has accused Danish military helicopters of making dangerous maneuvers near its warships in the Baltic Sea and handed an official note to Copenhagen complaining about such incidents, Russia's ambassador to Denmark said on Tuesday, according to Russia's RIA state news agency.
From
Malte Humpert
via
gCaptain
EU Leaders Back Finnish Push for Arctic Icebreaker Fleet
European leaders have backed a stronger role for the European Union in the Arctic, with Finland pushing for a joint icebreaking capability as the region becomes increasingly important for commercial shipping, military mobility and competition with Russia and China.
From
Mike Schuler
via
gCaptain
Port of Los Angeles Caps Record Summer as U.S. Import Strength Holds Up
The Port of Los Angeles capped its strongest three-month cargo stretch on record in August, adding to evidence that Southern California’s container gateway is carrying stronger-than-expected momentum into the fall....
From
Mike Schuler
via
gCaptain
U.S. Rejects Iran’s Mine Claim as Hormuz Shipping Threat Remains Severe
U.S. Central Command is disputing an Iranian claim that a Panama-flagged tanker recently struck a naval mine in the Strait of Hormuz, saying the ship was instead hit by Iranian...