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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
Three Ships Including an Iranian Vessel Attempt Hormuz Transits
Three vessels — two cargo ships and a fuel tanker — appeared to be attempting to transit the Strait of Hormuz early on Tuesday as US and Iranian blockades remained in place.
From
Austin Schroeder
via
Barchart
Wheat Pulls Back to Close Mixed on Monday
The wheat complex was mixed across the three exchanges on Monday with HRW weakness. Chicago SRW futures were up 3 ¾ to 7 ¼ cents across the board. KC HRW futures were 1 1/2 to 2 1/2 cents lower on Monday. MPLS spring wheat was steady to 4 cents higher....
From
Austin Schroeder
via
Barchart
Corn Post Strength on Monday
Corn futures posted Monday gains of 1 ¼ to 3 ¼ cents across the board. The CmdtyView national average Cash Corn price was up 3 1/2 cents at $4.15 1/4. NASS Crop Progress data showed the US corn crop at 11% planted as of Sunday, which was 2% ahead of...
From
Austin Schroeder
via
Barchart
Soybeans Close Mixed on Monday with New Crop Strength
Soybeans slipped lower in the front months into the Monday close, down ¾ to 1 ½ and ½ to 2 ¼ cents higher in the deferreds. The cmdtyView national average Cash Bean price was down 3/4 cent at $11.01 1/4. Soymeal futures were down $2.40 to $6.70 on the day,...
From
Ben DiCostanzo
via
Barchart
Hogs Consolidate but Close Higher
Hogs work higher as it tests resistance
From
Mike Schuler
via
gCaptain
Trump Doubles Down on Iran Blockade as Peace Talks Hang in Balance
U.S. President Donald Trump on Monday escalated his rhetoric on the Iran conflict, claiming the U.S. is “winning… by a lot” while signaling that Washington has no intention of easing its maritime...
From
Reuters
via
gCaptain
U.S. Opens Tariff Refund Portal as Companies Rush to Reclaim $166 Billion
The refund system set up to allow companies to recover illegally collected tariffs from the U.S. government went live on Monday as thousands of companies rushed to file claims.
From
Chris Swift
via
Barchart
Shootin' the Bull about opportunity past
Last week produced what is believed to have been the marketing opportunity for the year with basis having narrowed, swapped in some cases, and new contract highs everywhere.
From
Mike Schuler
via
gCaptain
Search Intensifies After Cargo Ship Mariana Found Overturned Near Saipan
The U.S. Coast Guard and an expanding multinational task force are racing against time in the remote waters of the western Pacific after the U.S.-flagged cargo vessel Mariana was discovered overturned northeast...
From
Jim Wyckoff
via
Barchart
Winter Wheat Rallies Keeping Corn, Soybeans Afloat; Cotton Prices Continue to Surge
Did corn prices just put in a bottom?
From
Austin Schroeder
via
Barchart
Wheat Posting Monday Gains
The wheat complex is trading with midday gains across the three exchanges. Chicago SRW futures are up 10 to 12 cents across most contracts. KC HRW futures are 6 to 7 cents higher so far on Monday. MPLS spring wheat is up 3 to 4 cents at midday. Monday morning’s...