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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
Mike Schuler
via
gCaptain
Massive Surge in Transpacific Blank Sailings Amid U.S.-China Trade Tensions
Container shipping lines have dramatically increased blank sailings on Transpacific routes in response to escalating trade tensions between the U.S. and China, according to a new report from Sea-Intelligence. The...
From
Austin Schroeder
via
Barchart
Corn Mixed at Midday
The corn market is holding steady on Monday, with front months up 1 to 1 ½ cents and new crop corn slipping back, down ¼ cent. The front month CmdtyView national average Cash Corn price is up 1 ¼ cents at $4.56 1/2. Export Inspections data showed a total of...
From
Austin Schroeder
via
Barchart
Wheat Back to Monday Midday Losses
The wheat market is trading with midday losses on Monday. Chicago SRW futures are down 8 to 9 cents so far at midday. Kansas City HRW is trading with 6 to 7 cent losses on Monday. MPLS spring wheat is down 6 to 8 cents across the front months. The...
From
Austin Schroeder
via
Barchart
Soybeans Falling from Early Monday Strength
Soybeans are showing midday losses on Monday, with contracts down 3 to 5 cents so far. CmdtyView’s national front month Cash Bean price was down 2 cents at $9.85 3/4. Soymeal futures are down $2.60/ton, as Soy Oil futures are back down a couple points. Weekly Export Inspections data tallied...
From
Reuters
via
gCaptain
Sino-US Trade War Redrawing Global LPG Trading, Outlook
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.
From
Reuters
via
gCaptain
China’s US Envoy Urges End to Trade War, But Warns Beijing Ready to Fight
China's ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war.
From
Bloomberg
via
gCaptain
China’s Cosco Says US Levies Risk Upsetting Global Shipping
(Bloomberg) — China’s largest shipping line said on Monday that the Trump administration’s plan to impose levies on Chinese vessels docking at US ports would erode stability in global trade...
From
Mike Schuler
via
gCaptain
Port Houston Reports Record March Container Volumes as Trade War Clouds Loom
Port Houston achieved record-breaking container volumes in March, handling 386,864 TEUs, marking a 7% increase from last year. However, the momentum faces significant headwinds as new forecasts predict a sharp...
From
Oliver Sloup
via
Barchart
Ag Markets Shrug Off a Risk-Off Trade in the Outside Markets
Outside markets are under pressure to start the week, but grain and livestock markets are holding their own yet again. Focus shifts to weekly crop progress reports and ever-changing weather forecasts.
From
Mike Schuler
via
gCaptain
Chinese-Polish Shipping Company Chipolbrok Added to FMC’s Controlled Carrier List
The Federal Maritime Commission (FMC) has designated the Chinese-Polish Joint Stock Shipping Company (Chipolbrok) as a controlled carrier of the People’s Republic of China (PRC), leading to its addition to...
From
Reuters
via
gCaptain
Philippines, US Launch Joint Combat Drills in ‘Full Battle Test’
More than 14,000 Filipino and American soldiers kicked off annual military exercises on Monday for a "full battle test" between the two defense treaty allies in the face of regional security concerns, including tensions in the South China Sea.