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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
Wheat Falling Back into the Weekend
The wheat complex is retreating across the three exchanges on Friday Chicago SRW futures are 6 to 7 cents lower in the nearbys on the day KC HRW futures are posting 6 to 12 cent losses in most contracts on the session. MPLS spring wheat is down 1 to 2...
From
Austin Schroeder
via
Barchart
Soybeans Holding Steady on Friday
Soybeans are trading with front months up 2 to 3 cents, as deferred contracts are showing fractional losses. The cmdtyView national average Cash Bean price was up 2 1/2 cents at $11.00 3/4. Soymeal futures are $1.50 to $2.60, with Soy Oil futures up 25 to 35 points. USDA’s weekly...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Friday
Corn futures are trading with contracts fractionally to 2 cents lower on Friday. The CmdtyView national average Cash Corn price is down 1 1/4 cents at $4.19 3/4. Export Sales data has corn export commitments totaling 74.1 MMT as of April 16, a 28% increase from the same time last...
From
Paul Morgan
via
gCaptain
Middle East Reconstruction Poses a Carbon Shock as Shipping Bears the Climate Bill
New academic research suggests reconstruction emissions from Gaza could rival weeks of global shipping emissions, raising questions about carbon accountability. By Paul Morgan (Opinion) – The concrete and steel needed...
From
Trent Klarenbach
via
Barchart
CBOT SRW Wheat Technical Analysis: 200-Week Moving Average & Stage Signals
Decoding the 2.5-Year Base Pattern for the End of the Stage 4 Decline.
From
Mike Schuler
via
gCaptain
Chubb Says U.S. Hormuz Insurance Backstop Stalled as Military Convoys Fail to Materialize
Washington’s headline-grabbing maritime insurance backstop for the Strait of Hormuz appears stuck on the launchpad. Comments this week from Chubb Chairman and CEO Evan Greenberg suggest the Trump administration’s much-publicized $40 billion...
From
Reuters
via
gCaptain
EU Revives Fight for Global Shipping Carbon Price, Setting Up IMO Clash With U.S.
European Union countries agreed on Friday to keep pushing for a global price on shipping's CO2 emissions in U.N. talks next week, setting up another potential clash with the United States over the proposal.
From
Darin Newsom
via
Barchart
Wheat: Weather or Wild West?
Wheat doesn't take center stage often, and when it does, it doesn't tend to stay long. But while it's there, the spotlight burns brightly.
From
Austin Schroeder
via
Barchart
Corn Starting Friday with Modest Gains
Corn price action so far on Friday is 1 to 2 cents higher. Futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. Preliminary open interest suggested a rotation of ownership, up just 783 contracts. The CmdtyView national average Cash Corn price as up 1 3/4...
From
Austin Schroeder
via
Barchart
Wheat Slipping Back to Begin Friday Trade
Wheat is starting Friday with slight weakness across the three markets. The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally, with gains of 10 ½ to 29 ¼ cents, led by the front months. Modest new buying interest was noted, with open interest...
From
Austin Schroeder
via
Barchart
Soybeans Holding Firm in Early Friday Trade
Soybeans are trading with contracts fractionally mixed. Futures saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. Open interest suggested some long liquidation, down 18,694 contracts. The cmdtyView national average Cash Bean price was down 4 cents at $10.97 1/4. Soymeal futures were...
From
Mike Schuler
via
gCaptain
Trump Says Shipbuilding Clashes Led to Navy Secretary Phelan’s Firing
President Donald Trump said Thursday that Navy Secretary John Phelan was fired following conflicts with senior Pentagon leadership over shipbuilding, offering the clearest explanation yet for the abrupt ouster that...