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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
Austin Schroeder
via
Barchart
Corn Posting Midday Gains on Wednesday
Corn futures are up 3 to 4 cents so far on Wednesday. May options expire on Friday. The CmdtyView national average Cash Corn price is up 3 1/4 cents at $4.21 3/4. USDA reported a private sales of 2025/26 corn to unknown destinations this morning, totaling 130,000 MT. Weekly EIA...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back on Wednesday
Soybeans are trading with 4 to 5 cent losses in the front months on Wednesday’s midday. The cmdtyView national average Cash Bean price is down 4 1/4 cents at $11.06 1/2. Soymeal futures are down $1 to $2 so far on the day, with Soy Oil futures back down 42...
From
Bloomberg
via
gCaptain
Iran Menaces Hormuz as Its Own Oil Tankers Test US Blockade
By Weilun Soon and Rakteem Katakey (Bloomberg) — Iranian gunboats fired on commercial ships in the Strait of Hormuz on Wednesday as Tehran maintained its grip on the vital energy...
From
Reuters
via
gCaptain
Asian Shipowners to Cross Hormuz Before Western Firms, Executives Say
Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-Iran ceasefire as they have a higher risk tolerance and can manage paying tolls unlike sanctions-complying Western firms, shipping executives said at the FT Commodities Global Summit on Wednesday.
From
Lori Ann LaRocco
via
gCaptain
Interview: America’s Oil Surge Is Pulling Tankers West — and Reshaping Global Trade
The United States continues to export record amounts of oil. Demand for U.S. black gold shows no signs of lessening. The long line of tankers dotting the ocean shows the...
From
Mike Schuler
via
gCaptain
One Dead Recovered From Capsized Mariana as Search Continues for Five Missing Crew
The search for six missing mariners aboard the overturned US-flagged cargo ship Mariana took a grim turn Monday after divers recovered one deceased crew member from inside the wreck, even as U.S....
From
Mike Schuler
via
gCaptain
Ship Seizures Mark New Phase in Iran’s De Facto Control of Hormuz
Iran’s reported seizure of two merchant ships in the Strait of Hormuz on Wednesday may mark a significant shift in the crisis gripping one of the world’s most important maritime...
From
Austin Schroeder
via
Barchart
Wheat Slipping on Wednesday Morning
Wheat is trading with early Wednesday weakness. The wheat complex was back in rally mode with gains across the three markets on Tuesday. Chicago SRW futures were 5 to 8 cents higher on the session. Open interest was down 4,723 contracts on Tuesday. KC HRW futures saw 7 ½ to...
From
Austin Schroeder
via
Barchart
Soybeans Extending Gains to Wednesday
Soybeans prices are 1 to 4 cents so far on Wednesday. Futures were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. Open interest was down 2,142 contracts on Tuesday, mostly in the front months,...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher on Wednesday
Corn price action is up 2 to 3 cents in most contracts. Futures closed the Tuesday trade with contracts 1 ½ to 3 cents higher on the session. Preliminary open interest was down 3,986 contracts, mostly rolling out of May, down 28,957. May options expire on Friday. The CmdtyView national...
From
Malte Humpert
via
gCaptain
HD Hyundai Heavy Wins Landmark Swedish Icebreaker Order, Marking Strategic Arctic Push
South Korea’s HD Hyundai Heavy Industries has secured its first overseas order for an icebreaker, winning a contract from Sweden in a deal that signals Seoul’s growing ambitions in Arctic shipping and high-value vessel construction.
From
Reuters
via
gCaptain
Three Vessels Hit by Gunfire in Strait of Hormuz, Crews Safe
At least three container ships were hit by gunfire in the Strait of Hormuz on Wednesday, maritime security sources and the United Kingdom Maritime Trade Operations (UKMTO) said.