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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
Canada’s Davie Sees US Shipyards as Key to Winning Icebreaker Contract
The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.
From
Mike Schuler
via
gCaptain
Davie Shipyard Begins Construction of Canada’s Flagship Polar Max Icebreaker
Davie shipyard has officially commenced construction on Canada’s flagship Polar Max icebreaker, marking a significant milestone in the country’s Arctic capabilities development. The steel cutting ceremony, held today in Lévis,...
From
Reuters
via
gCaptain
Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...
From
Mike Schuler
via
gCaptain
Fire Breaks Out on USS New Orleans Off Okinawa
A U.S. Navy amphibious transport dock ship, USS New Orleans (LPD-18), suffered a fire off the coast of Okinawa, Japan on Wednesday, prompting a coordinated international response from both U.S....
From
Mike Schuler
via
gCaptain
External Firefighters Join Marie Maersk Crew in Battle Against Container Fire Off West Africa
External firefighter crews have joined the Marie Maersk’s crew in actively combating a fire that broke out aboard the vessel one week ago, according to the latest update released today....
From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
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From
Chris Swift
via
Barchart
Beating a dead horse
Cattleman are weeding out the weak with prices tempting some to exit the business while on top. Margins are tight in every sector with suspect that today's fat cattle profits are merely being invested 100% into newly acquired inventory.
From
Mike Schuler
via
gCaptain
Engine Room Fire on Passenger Vessel Linked to Poor Maintenance, NTSB Reports
The National Transportation Safety Board (NTSB) has determined that debris in an engine’s lubrication oil system caused a serious engine failure and subsequent fire aboard the passenger vessel Ocean Navigator...
From
Bloomberg
via
gCaptain
Orsted Shares Slump After Trump Escalates Offshore Wind Threat
(Bloomberg) — Orsted A/S shares dropped almost 10% on the first day of trading since President Donald Trump’s administration ordered another developer to halt construction of a wind farm off...
From
Austin Schroeder
via
Barchart
Soybeans Popping Higher on Tuesday
Soybean futures are posting midday gains on Tuesday with contracts up 3 to 9 cents so far. CmdtyView’s national front month Cash Bean price is up 9 1/4 cents at $9.88 3/4. Soymeal futures are up $1.10/ton, as Soy Oil futures are down 8 points. The US soybean crop was...
From
Austin Schroeder
via
Barchart
Wheat Losses Holding on Tuesday
The wheat complex is showing weakness on Tuesday. Chicago SRW futures are trading with fractional to 1 ¼ cent losses at midday. Kansas City HRW contracts are slipping back by 2 to 4 cents on Tuesday. MPLS spring wheat is 2 to 3 cents in the red at midday. Monday’s...
From
Austin Schroeder
via
Barchart
Corn Falling on Tuesday
Corn futures are falling back on Tuesday with contracts down 4 to 7 cents at midday. The front month CmdtyView national average Cash Corn price is down 4 ½ cents so far at $4.50. Crop Progress data from Monday afternoon showed the US corn crop at 12% planted as of...
From
Reuters
via
gCaptain
Denmark to Spend $600 Million on Surveillance Vessels Amid Russia Threat
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
From
Mike Schuler
via
gCaptain
Chesapeake Bay Bridge Fails to Meet Modern Vessel Collision Standards, Risk Assessment Shows
In response to the Francis Scott Key Bridge collapse in Baltimore, the Maryland Transportation Authority (MDTA) has revealed that the William Preston Lane Jr. Memorial Bay Bridge (aka the Chesapeake...
From
Mike Schuler
via
gCaptain
U.S. Sanctions Iranian LPG Tycoon Tied to IRGC and Failed Texas Loading
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Iranian LPG magnate Seyed Asadoollah Emamjomeh and his extensive corporate network for shipping hundreds of millions...
From
Jim Wyckoff
via
Barchart
The Soybean Market Is Demonstrating Resilience. Here Are the Levels to Watch Before You Buy July Soybean Futures.
Soybeans are shaking off some of the malaise in the broader market.
From
Austin Schroeder
via
Barchart
Wheat Weakness Continuing on Tuesday Morning
Wheat is trading with weakness on Tuesday morning. The market posted losses across the three exchanges on Monday. Chicago SRW futures were down 10 to 11 cents in the front months at the close. Preliminary open interest was up 1,565 contracts on Tuesday. Kansas City HRW contracts were 6 to...
From
Austin Schroeder
via
Barchart
Soybeans Showing Tuesday AM Strength
The soybean market is trading with gains of 2 to 5 cents early on Tuesday. Soybeans posted Monday losses of 5 to 7 cents across most contracts. Preliminary open interest indicated a rotation of ownership, up just 1,541 contracts. CmdtyView’s national front month Cash Bean price was down 6 cents...