.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
Bloomberg
via
gCaptain
Trump Threatens Economic Isolation for Iran and Its Trading Partners
US President Donald Trump threatened Iran and its trading partners with economic isolation after months of military strikes and a maritime blockade failed to force Tehran to capitulate.
From
Bloomberg
via
gCaptain
Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade
Exporters including Chevron Corp. are turning to ship-to-ship transfers to send liquefied petroleum gas from the US to Asia, an apparent change in strategy that comes as users of the Panama Canal grapple with congestion and record transit fees.
From
Mike Schuler
via
gCaptain
Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers
The National Labor Relations Board has ordered two Saltchuk Resources tanker subsidiaries to recognize and bargain with the International Organization of Masters, Mates & Pilots (MM&P), following a long-running dispute...
From
gCaptain
via
gCaptain
Transpacific Container Rates Surge as Carriers Cut Capacity
Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased...
From
Lori Ann LaRocco
via
gCaptain
Maritime Markets Bracing for Long-term Disruption in the Middle East
By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of trade in the Middle East....
From
Mike Schuler
via
gCaptain
Sanctioned Shadow Fleet Tanker Hijacked in Gulf of Aden and Diverted Toward Somalia
A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of the vessel, marking the second...
From
Reuters
via
gCaptain
Tanker off Yemen Boarded by Armed People, Diverted Towards Somalia, UKMTO Says
A tanker was boarded by six armed people who took control of the vessel and diverted it towards Somalia, the United Kingdom Maritime Trade Operations (UKMTO) said on Thursday.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Austin Schroeder
via
Barchart
Soybeans in Rally Mode on Monday
Soybeans are up 11 to 15 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 15 cents at $11.17 1/4. Soymeal futures are up $9.50 to $9.70 in the front months, with Soy Oil futures up 20 to 24 points. USDA’s FGIS tallied soybean...
From
Austin Schroeder
via
Barchart
Wheat Posting Monday Gains
The wheat complex is showing midday gains on Monday. Chicago SRW futures are 12 to 13 cents higher on the day. KC HRW futures are 6 to 9 ¼ cents in the green at midday. MPLS spring wheat are up 2 to 3 cents in the front months on Monday....
From
Austin Schroeder
via
Barchart
Corn Posting Midday Gains
Corn futures are trading with contracts up 4 to 5 ½ cents on Monday. The CmdtyView national average Cash Corn price is down 5 cents at $4.25 3/4. Monday morning’s Export Inspections report showed 1.644 MMT (64.73 mbu) of corn shipped in the week of 4/23. That was 1.33% below...
From
Reuters
via
gCaptain
Oil Prices Hit Two-week High as Iran Talks Stall and Strait Shipments Lag
NEW YORK, April 27 (Reuters) – Oil prices climbed about 2% to a two-week high on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained...
From
Bloomberg
via
gCaptain
Dual Hormuz Blockade Cuts Ship Transits to Near Zero
The Strait of Hormuz remains effectively shut to international shipping as the double blow of Iranian and US blockades leaves the key energy corridor largely dormant.
From
Jim Wyckoff
via
Barchart
Soybean Meal Prices Should Start Climbing Higher as Spreaders Unwind Trades, Crush Stays Strong
July soybean meal futures present a buying opportunity on more price strength.
From
Mike Schuler
via
gCaptain
Twin Hijackings Off Somalia Signal Dangerous Escalation in Pirate Resurgence
Fresh concerns over a widening resurgence in Somali piracy intensified over the weekend after the United Kingdom Maritime Trade Operations reported two apparent vessel hijackings off Somalia within hours of each other,...
From
Bloomberg
via
gCaptain
Iran-Linked Oil Tankers Sail West After Boarding by US
Two Iran-linked oil tankers that US forces interdicted near Sri Lanka last week are now sailing west.
US forces carried out “maritime interdiction and right-of-visit boarding” of two oil supertankers, the Tifani and the Phonix on April 21 and 23 respectively, the Pentagon said last week, without elaborating what would happen next to the vessels. The latter ship is also known as the Majestic X.
From
Austin Schroeder
via
Barchart
Soybeans Show Early Monday Strength
Soybeans are trading with 1 to 3 cent gains so far on Monday morning. Futures closed Friday with contracts steady to 4 cents higher, as May settled the week with a 3 ½ cent loss and November down ¾ cent. Open interest was down 16,336 contracts, as 31,411 contracts were...
From
Austin Schroeder
via
Barchart
Corn Starting Monday with Gains
Corn price action is up 3 to 4 cents early on Monday morning. Futures posted mixed trade, with contracts down ½ cent to 2 cents higher. Mar was up 6 ¼ cents on the week, with December up 7 ¼ cents. Open interest was down 20,505 contracts on Friday, with...
From
Austin Schroeder
via
Barchart
Wheat Holding Firm on Monday Morning
Wheat is starting off the week with modestly mixed trade, withing 2 cents of unchanged. The wheat complex was lower across the winter wheat contracts on Friday, with Spring wheat holding up. Chicago SRW futures were steady to 3 ½ cents lower on the day, with May up 17 cents...
From
Reuters
via
gCaptain
Shipping Traffic Through Hormuz Remains Muted With No US-Iran Deal in Sight, Data Shows
At least seven ships - mainly dry bulk vessels - have crossed the Strait of Hormuz in the past 24 hours, in line with muted activity in recent days, shipping data showed on Monday, while talks between Iran and the United States have stalled.