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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
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
Corn Post Mixed Trade on Friday, As New Crop Firms
Corn 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. The CmdtyView national average Cash Corn price was down 1/2 cent at $4.20 3/4. Commitment of Traders data showed spec funds...
From
Lori Ann LaRocco
via
gCaptain
Panama Canal Pushes Back on ‘Line Jumping’ Claims as Auction Slot Prices Surge
Panama Canal authorities are trying to debunk the misconception that auction slots are a free pass to cut the line.
From
Mike Schuler
via
gCaptain
Hegseth Signals Mines Remain Key Obstacle to Full Hormuz Reopening
Defense Secretary Pete Hegseth on Friday publicly reinforced that mines remain a central obstacle to restoring confidence in the Strait of Hormuz. In a Pentagon briefing focused largely on the...
From
Ben DiCostanzo
via
Barchart
Cattle Markets Rebound
Cattle Closes Higher ending week on a positive note
From
Darin Newsom
via
Barchart
Does the Iran War Still Matter to Grains Traders?
Based on recent trading activity, it seems the grains are mostly getting caught up in headlines and social media posts, not fundamentals.
From
Mike Schuler
via
gCaptain
U.S. Targets Major Chinese Refinery and Ships in Escalating Crackdown on Iran’s Oil Trade
The Trump administration on Friday escalated its “Economic Fury” campaign against Tehran, targeting one of China’s largest independent refineries alongside a new wave of sanctions on vessels and shipping firms accused of moving Iranian oil through the shadow fleet.
From
Darin Newsom
via
Barchart
‘It’s Not Going to End Well’ for Investors Who ‘Get in Too Late’ to Volatile, Meme-Like Commodities. How to Trade the Chaos Instead.
It may seem conterintuitive, but there are recognizable patterns you can use to your advantage, even within the chaos.
From
Bloomberg
via
gCaptain
White House Extends Jones Act Shipping Waiver to August
President Donald Trump’s administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the US, marking the latest effort by the White House to counter supply disruptions tied to the Iran war.
From
Mike Schuler
via
gCaptain
IMO’s MEPC 84 Opens as Key Test for Delayed Shipping Climate Pact
The International Maritime Organization convenes its 84th Marine Environment Protection Committee session in London next week under the shadow of last year’s dramatic delay of the sector’s proposed Net-Zero Framework, but with...
From
The Loadstar
via
gCaptain
Iran Conflict Premium Fades From Asia-Europe Box Rates
Container freight spot rates on the Asia-Europe trades largely returned to pre-Iran conflict levels this week, as container supply chains settled after the war’s outbreak and settled into what appears to be the normal seasonal slowdown.
From
Reuters
via
gCaptain
Pentagon Chief Hegseth Says US Blockade on Iran ‘Going Global’
U.S. Defense Secretary Pete Hegseth said on Friday that a U.S. blockade on Iran is going global, adding Tehran had a chance to make a "good deal" with Washington.