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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
Reuters
via
gCaptain
US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says
The U.S. will impose "the toughest sanctions in history" on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran.
From
Reuters
via
gCaptain
Norway Boosts Defense Footprint with Expansion of Arctic Brigade
Norway expanded on Thursday a recently created military brigade headquartered in the Arctic, the latest move by a NATO nation to boost its defense footprint in the wake of the Ukraine war.
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....
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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.
From
Mike Schuler
via
gCaptain
Navy Secretary John Phelan Departs Abruptly in Surprise Pentagon Shakeup
In a surprise Pentagon shakeup, John C. Phelan is departing the administration effective immediately, the Department of War announced Wednesday, abruptly ending a turbulent tenure defined by ambitious shipbuilding plans, efforts to...
From
Austin Schroeder
via
Barchart
Soybeans Fall Lower on Wednesday with Product Pressure
Soybeans rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. The cmdtyView national average Cash Bean price was down 9 1/2 cents at $11.01 1/4. Soymeal futures were down $2.90 to $4.90 on the day, with Soy Oil futures...
From
Austin Schroeder
via
Barchart
Wheat Slips Lower into the Close
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. KC HRW futures were down 4 to 5 ¾ on the day. MPLS spring wheat posted losses of ¼ to 2 ¼...
From
Austin Schroeder
via
Barchart
Corn Holds on for Midweek Gains
Corn futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower. May options expire on Friday. The CmdtyView national average Cash Corn price was up 3/4 cents at $4.18 1/4. USDA reported another private sale of 2025/26 corn to...
From
Reuters
via
gCaptain
Iran Seizes Two Ships in Hormuz After Trump Halts Attacks Indefinitely
Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic waterway after U.S. President Donald Trump called off attacks indefinitely with no sign of peace talks restarting.
From
Mike Schuler
via
gCaptain
Congress Confronts U.S. Shipbuilding Crisis as Maritime Buildout Meets Reality Check
A rare joint House hearing on Wednesday laid bare both the ambition and the friction behind Washington’s growing push to revive American shipbuilding, as administration officials promoted an expansive maritime...
From
Chris Swift
via
Barchart
Shootin' the Bull about the consumer
There is not a great deal to discuss. Consumers appear more impacted by the 5 years of inflation, the persistent and elevated rate of inflation, and most recently a significant rise in commodity inflation, than cattlemen anticipated.
From
Mike Schuler
via
gCaptain
Iran Ship Seizures Show ‘Weaponization of Trade’ in Hormuz, Xeneta Warns
Iran’s reported seizure of two MSC containerships in the Strait of Hormuz is the latest sign the crisis in the strategic waterway has evolved beyond a shipping disruption into what...
From
Austin Schroeder
via
Barchart
Wheat Showing Marginal Gains at Midday
The wheat complex are trading with contracts higher across the three exchanges on Wednesday. Chicago SRW futures are trading with 1 to 2 cent gains on the midweek session. KC HRW futures are up 2 to 3 cents on Wednesday. MPLS spring wheat is trading with 1 to 2 cent...