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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
Austin Schroeder
via
Barchart
Wheat In Rally Mode on Tuesday, as Acres Drop
The wheat complex is getting a double digit positive reaction to the USDA acreage report this morning. Chicago SRW futures are 11 to 12 1/2 cents higher. KC HRW futures are up 16 to 17 cents at midday. MPLS spring wheat is rallying 10 to 11 cents on the Tuesday...
From
Austin Schroeder
via
Barchart
Corn Bouncing Following Positive Stocks Data
Corn futures are showing 1 to 3 ¼ cent gains across the front months on Tuesday following some friendlier old crop numbers from USDA. The CmdtyView national average Cash Corn price is up 1 1/2 cents to $4.16 3/4. USDA’s annual March Prospective Plantings report from this morning showed a...
From
Elizabeth H. Volk
via
Barchart
After a Record Bull Run, Is the Cattle Market Headed for Collapse?
Our Senior Market Analyst discusses misleading media coverage, monster-sized cows, and why the Strait of Hormuz could be the ‘last straw’ for US beef demand.
From
Malte Humpert
via
gCaptain
‘Arctic Metagaz’ Towing Operation Heads Toward Maltese Waters As Plans for Cargo Removal Unclear
The fate of the damaged tanker Arctic Metagaz remained uncertain as a Libyan-led towing operation pushed the vessel farther into the central Mediterranean, raising fresh questions about salvage plans, jurisdiction, and mounting weather risks.
From
Jim Wyckoff
via
Barchart
1 Winning Trade Idea to Play Fertilizer Shortages and Rising Prices
July corn futures present a buying opportunity on more price strength.
From
Oliver Sloup
via
Barchart
Grain Markets Brace for the Stocks and Acreage Report
Grain markets are mixed in the early morning trade as traders gear up for the last trading day of the month, quarter, and one of the more important USDA reports of the year.
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From
Mike Schuler
via
gCaptain
Ørsted Terminates Wind Turbine Installation Vessel Agreement with Cadeler as Hornsea 4 Project Halted
Copenhagen-based offshore wind installation specialist Cadeler A/S (NYSE: CDLR / OSE: CADLR) announced today that Ørsted A/S has terminated their long-term agreement for a newbuild A-Class wind turbine installation vessel....
From
Mike Schuler
via
gCaptain
Major Cocaine Bust: UK Border Force Seizes Record Shipment at London Gateway
In one of the UK’s largest drug seizures of the past decade, UK Border Force officers have seized cocaine with an estimated street value of £96 million (USD 130 million)...
From
Mike Schuler
via
gCaptain
Germany and Sweden Launch Joint Initiative to Monitor Shadow Fleet in Baltic Sea
German authorities have implemented a new measure requiring tankers traveling eastward through the Fehmarn Belt, in the western part of the Baltic Sea, to disclose their insurance coverage against oil...
From
Mike Schuler
via
gCaptain
GAO Report Reveals Critical Gaps in Maritime Administration’s Shipbuilding Support Programs
A recent Government Accountability Office (GAO) report has found that despite having four financial assistance programs designed to bolster U.S. shipbuilding, the Maritime Administration (MARAD) lacks proper performance metrics to...
From
Bloomberg
via
gCaptain
Indonesia’s Pertamina Seeks $700 Million Loan to Build Vessels
Indonesia’s state-owned oil giant PT Pertamina and its shipping arm are seeking an offshore loan of about $700 million for the construction of vessels, according to people familiar with the matter.
From
Reuters
via
gCaptain
Maersk Estimates Effective US Tariffs Average 21% Currently
Maersk MAERSKb.CO estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April.
From
Reuters
via
gCaptain
U.S. Says Iran Loaded Naval Mines Amid Threat to Block Strait of Hormuz
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in Washington that Tehran was gearing up to blockade the Strait of Hormuz following Israel's strikes on sites across Iran, according to two U.S. officials.
From
Mike Schuler
via
gCaptain
Containership WAN HAI 503 Towed Beyond India’s EEZ After Deadly Fire
The Singapore-flagged containership MV WAN HAI 503 has been towed outside of India’s Exclusive Economic Zone and now sits approximately 130 nautical miles off the Kochi coast as salvage efforts continue following...
From
Mike Schuler
via
gCaptain
Indian Navy Battles Engine Room Fire on Tanker in Gulf of Oman
The Indian Navy stealth frigate INS Tabar has responded to a distress call from the Pulau-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on Sunday after the...
From
Mike Schuler
via
gCaptain
HII Turns to AI to Revolutionize U.S. Naval Shipbuilding
America’s largest military shipbuilder HII and enterprise AI software company C3 AI have announced an expanded strategic partnership aimed at accelerating shipbuilding throughput through artificial intelligence implementation at HII’s Newport...
From
Bloomberg
via
gCaptain
Shell Launches Canada’s First LNG Exports to Feed Growing Asian Demand
(Bloomberg) — Shell Plc has started exports from Canada’s first liquefied natural gas project, helping to meet rising Asian demand and extending its position in the global LNG market. The first...
From
Reuters
via
gCaptain
Britain’s Crown Estate Reports Profit of 1.15B Pounds, Led by Offshore Wind
The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue.