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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 Trading Fractionally Lower on Thursday
Corn futures are trading with fractionally lower action at Thursday’s midday. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 3/4. Export Sales data from Thursday were tallied at 1.316 MMT in the week of 4/16, in the middle of trade estimate of 1-1.8 MMT for...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Thursday
The wheat complex is rallying on Thursday across the three markets. Chicago SRW futures were up 5 to 8 cents in the front months. KC HRW futures are in rally mode, up 18 cents in the nearbys. MPLS spring wheat are 5 to 7 cents higher on the day. Weekly...
From
Mike Schuler
via
gCaptain
BIMCO Warns Hormuz Reopening Hinges on Mine Clearance as Trump Orders Sweep Surge
Fresh warnings from the world’s largest shipping association are underscoring how far the Strait of Hormuz remains from normal, even as new comments from President Donald Trump pointed to a...
From
Mike Schuler
via
gCaptain
‘We Need to Get This Done’: Lawmakers, Labor and Industry Renew Push for SHIPS for America Act
Backers of the SHIPS for America Act mounted a renewed push Wednesday to move sweeping maritime legislation through Congress, with lawmakers, labor leaders and shipbuilding executives portraying the bill as...
From
Mike Schuler
via
gCaptain
Golden Pass Ships First LNG Cargo, Launching Major New U.S. Export Supply
The departure of the first export cargo from the Golden Pass LNG terminal marks the formal entry of one of America’s largest new liquefied natural gas projects into global trade,...
From
Mike Schuler
via
gCaptain
U.S. Boards Sanctioned ‘Shadow Fleet’ Tanker in Indian Ocean as Enforcement Push Expands
The U.S. military said overnight it carried out a maritime interdiction and “right-of-visit” boarding of the sanctioned stateless tanker Majestic X in the Indian Ocean, signaling U.S. enforcement against Iranian oil shipments...
From
Austin Schroeder
via
Barchart
Corn Showing Steady Trade Ahead of Export Sales Data
Corn price action is fractionally mixed so far on Thursday morning. Futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower. Open interest was up 6,656 contracts on Wednesday. The CmdtyView national average Cash Corn price was up 3/4...
From
Austin Schroeder
via
Barchart
Wheat Starting Thursday with a Bounce
Wheat is showing 1 to 8 cent higher trade so far on Thursday morning. The wheat complex was lower across the three markets in the midweek session. Chicago SRW futures closed the Wednesday session with contracts down 2 to 5 ¾ cents. Open interest was down 6,033 contracts. KC HRW...
From
Austin Schroeder
via
Barchart
Soybeans On the Lower Side to Start Thursday Trade
Soybeans are trading with slight losses of 1 to 2 cents in the front months so far on Thursday morning. Futures rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. Open interest data from Wednesday suggested some longs taking...
From
Oliver Sloup
via
Barchart
Another failed breakout in soybeans while corn and wheat try to build a higher floor
Soybeans were as closes as you can get to a breakout yesterday morning, put pulled back to the middle of the range. Short term traders continue to have the advantage there. Corn and wheat futures are attempting to build higher floors as planting season continues to ramp up.
From
Bloomberg
via
gCaptain
Hormuz Traffic Grinds to a Halt After Iran Seizes First Vessels
Traffic through the Strait of Hormuz ground to a halt on Thursday after Iran fired on commercial ships and said it had seized at least two vessels — a first in nearly eight weeks of war.
From
Reuters
via
gCaptain
China Teases New Aircraft Carrier in Video, Vows to Build Up Islands
China teased in a video an aircraft carrier that could be its fourth, and the first using nuclear power, while vowing to further build up its islands, as it looks to boost maritime power, secure resources and bolster territorial claims.