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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
Austin Schroeder
via
Barchart
Corn Weakness Creeping in on Tuesday AM
Corn futures are trading with 2 to 5 cent losses so far on Tuesday morning. The corn market failed to hold the early session strength on Monday, with contracts ending the session with fractional losses in the front months. Preliminary open interest was down 5,829 contracts on Monday, with May...
From
Malte Humpert
via
gCaptain
Russia’s New ‘Combat Icebreaker’ Undergoes Ice Trials Ahead of Joining Northern Fleet
Russia’s newest icebreaking patrol vessel, the 8,500-tonne Ivan Papanin, has completed the first series of ice trials in the Arctic Ocean. The 114 meter-long and 18 meter-wide armed icebreaker is scheduled to enter into service with the country’s Northern Fleet this summer.
From
Bloomberg
via
gCaptain
Korean Shipbuilder Hanwha Seizes Chance to Build US LNG Tankers
A South Korean shipbuilder plans to construct the first US-built liquefied natural gas tanker, following sweeping recommendations from a US trade agency that would tax ships made in China and aim to combat the Asian nation’s dominance in the industry.
From
Mike Schuler
via
gCaptain
Hanwha Ocean Launches Drillship ‘Tidal Action’ for Petrobras Charter
South Korean shipbuilder Hanwha Ocean has marked its entry into the deepwater drilling operations sector with the naming ceremony of its next-generation drillship ‘Tidal Action’. The vessel includes advanced capabilities,...
From
Austin Schroeder
via
Barchart
Soybeans Fall Lower on Monday
Soybeans posted Monday losses of 5 to 7 cents across most contracts. CmdtyView’s national front month Cash Bean price was down 6 cents at $9.79 1/2. Soymeal futures were down $2.70/ton, as Soy Oil futures were back down 7 to 9 points. The US soybean crop was listed at 8%...
From
Austin Schroeder
via
Barchart
Corn Slips into Monday’s Close
The corn market failed to hold the early session strength on Monday, with contracts ending the session with fractional losses in the front months. The front month CmdtyView national average Cash Corn price was unch at $4.55 1/2. Crop Progress data from this afternoon showed the US corn crop at...
From
Austin Schroeder
via
Barchart
Wheat Falls on Monday, with NASS Ratings Slipping
The wheat market posted Monday losses across the three exchanges. Chicago SRW futures were down 10 to 11 cents in the front months at the close. Kansas City HRW contracts were 6 to 7 cents lower on Monday. MPLS spring wheat was down 5 to 7 cents across the front...
From
Ben DiCostanzo
via
Barchart
Cattle Markets Rally Early and Fall Back
Cattle markets can't hold early enthusiasm as outside markets break down weakening sentiment
From
Oliver Sloup
via
Barchart
Grain Markets Gain to Start the Week
Grain markets are firm to start a new week of trade, with several contracts knocking on the door of a potential breakout move. These are the levels to keep an eye on for corn, soybeans, and wheat.
From
Chris Swift
via
Barchart
Shootin' the Bull about who is the buyer?
My perception of the market differs from the first of April high to the end of April high.