.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 Face Modest Pressure on Thursday
Soybeans saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. The cmdtyView national average Cash Bean price was down 4 cents at $10.97 1/4. Soymeal futures were mixed, with contracts 20 cents higher to 80 cents lower. Soy Oil futures reverted from midday...
From
Austin Schroeder
via
Barchart
Corn Bulls Come Back to Close with Gains on Thursday
Corn futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. The CmdtyView national average Cash Corn price as up 1 3/4 cents at $4.20. Export Sales data from Thursday were tallied at 1.316 MMT in the week of 4/16, a 3-week low but still 14.2%...
From
Austin Schroeder
via
Barchart
Wheat Rallies on Thursday
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. Chicago SRW futures were up 10 to 13 1/4 cents in most contracts. MPLS spring wheat was 6 to 10...
From
Mike Schuler
via
gCaptain
Panama Canal Traffic Climbs as Officials Downplay Congestion Fears
The Panama Canal is pushing back against renewed concerns over congestion, telling the maritime industry it is handling rising traffic volumes efficiently even as geopolitical disruption and stronger demand drive...
From
Reuters
via
gCaptain
Iran’s Swarm Tactics Show Why Hormuz Is Far From Safe
Iran's use of a swarm of small, fast boats to seize two container ships near the Strait of Hormuz could undermine suggestions U.S. forces have disabled its naval threat and reveals the challenges facing reopening one of the world's most important oil export routes.
From
Mike Schuler
via
gCaptain
Trump Moves to Extend Jones Act Waiver 90 Days as Maritime Industry Says Fuel Relief Never Came
The Trump administration is preparing to extend its controversial Jones Act waiver for up to 90 days, a move that would deepen an already contentious policy experiment launched during the...
From
Bloomberg
via
gCaptain
US-Iran Tensions Build Over Hormuz in Absence of Peace Talks
US and Iran tensions grew over the Strait of Hormuz with both sides maintaining their blockades of the critical waterway, creating an uneasy standoff with no sign of peace talks on the horizon.
From
Walsh Trading
via
Barchart
Chart of the Day - July Soybeans
Soybeans have been stuck in a relatively narrow range for the past month. Is a directional break out coming?
From
Chris Swift
via
Barchart
Shootin' the Bull about a lot to deal with
Conflicting news stories created a hefty day of volatility for producers to contend with.
From
Trent Klarenbach
via
Barchart
Massive Test for Canola as it battles the "Mean.
We look at the Canola price, Commitment of Traders and Moving Averages
From
Austin Schroeder
via
Barchart
Soybeans Feeling Pressure on Thursday
Soybeans are showing 1 to 5 cent losses on Thursday, led by the front months at midday. The cmdtyView national average Cash Bean price is down 5 1/4 cents at $10.96. Soymeal futures are up 90 cents to $1.00 on the day, with Soy Oil futures down 42 to 54...