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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
Soybeans Trading with Fractional Gains on Monday
Soybeans are fractionally higher in the front months, with new crop contracts up 3 cents. The cmdtyView national average Cash Bean price was up 3/4 cent at $11.03 3/4. Soymeal futures are down $4.60 to $4.90 on the day, with Soy Oil futures are up 120 to 130 points. Export...
From
Austin Schroeder
via
Barchart
Corn Higher at Monday’s Midday
Corn futures are trading with contracts 3 to 5 cents higher across the front months on Monday. The CmdtyView national average Cash Corn price is up 4 3/4 cents at $4.16 1/2. USDA’s FGIS tallied corn export shipments at 1.669 MMT (65.7 mbu) during the week ending on April 16....
From
Reuters
via
gCaptain
Iran Considers US Talks in Pakistan With Blockade Still Unresolved
Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran's ports, a major hurdle for Iran to rejoin peace efforts.
From
Mike Schuler
via
gCaptain
Industry Floods Into Autonomous Vessel Race as U.S. Navy Opens MUSV Marketplace
A wave of announcements from defense technology firms, shipbuilders, and autonomy specialists is rapidly transforming the U.S. Navy’s Medium Unmanned Surface Vessel (MUSV) program into one of the most competitive...
From
Reuters
via
gCaptain
EU to Widen Iran Sanctions to Those Who Block Hormuz
The European Union will expand the criteria of its Iran sanctions to include those responsible for blocking the Strait of Hormuz, which has been largely shut for nearly two months upending global energy and commodities markets, two EU diplomats said.
From
Mike Schuler
via
gCaptain
U.S. Extends Russian Oil Wind-Down License Despite Earlier Pledge to Let It Expire
The U.S. Treasury Department has quietly extended its sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license that allows shipments to continue flowing through...
From
Mike Schuler
via
gCaptain
Hormuz Crisis Enters Dangerous New Phase as U.S. Seizes Vessel and Attacks Resume
A volatile weekend in the Strait of Hormuz has exposed the widening gap between political claims that the waterway is “open” and the operational reality facing commercial shipping, as attacks,...
From
Austin Schroeder
via
Barchart
Soybeans Starting the New Week with Weaker Trade
Soybeans are down 1 to 3 cents on Monday morning. Futures closed with Friday gains of ½ to 4 ¾ cents across the board, with Marh slipping 8 ½ cents on the week. Open interest was down 15,876 contracts on Friday, mostly in May and July. The cmdtyView national average...
From
Austin Schroeder
via
Barchart
Corn Slipping to Start Monday Trade
Corn price action is down 1 to 2 cents as we begin Monday trade. Futures closed the Friday session with most contracts fractionally to 2 ½ cents higher, shrugging off early weakness. July was an exception, down ¼ cent. Open interest was up 6,691 contracts on Friday. The CmdtyView national...
From
Austin Schroeder
via
Barchart
Wheat Starting Monday with Gains
Wheat is starting off Monday trade with higher trade across the three markets. The wheat complex closed with winter wheat weakness, with spring wheat higher on Friday. Chicago SRW futures were steady in some deferreds to 7 1/4 cents lower in the front months, as May was still up 20...
From
Reuters
via
gCaptain
Ceasefire At Risk After US Seizes Iranian Ship, Iran Shuns Peace Talks
A ceasefire between the United States and Iran appeared in jeopardy on Monday after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Tehran vowed to retaliate, refusing for now to join new peace talks.
From
Bloomberg
via
gCaptain
Hormuz Traffic at Standstill as US Vessel Seizure Widens Risk
Commercial traffic through the Strait of Hormuz is at a virtual standstill on Monday after a brief and confused reopening over the weekend ended with the first US seizure of an Iranian vessel — underscoring just how difficult it will be to restore activity in the vital strait.