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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
Corn Slipping Lower on Friday
Corn futures are trading with 1 to 2 cent losses in most contracts on Friday. The CmdtyView national average Cash Corn price is down 1 cent at $4.10 1/4. Crude oil is falling $11.27 on the day following Iran agreeing to open the Strait of Hormuz this morning. Export Sales...
From
Austin Schroeder
via
Barchart
Wheat Falling on Friday
The wheat complex is trading with losses across most contracts so far on the Thursday session. Chicago SRW futures are down 9 to 10 cents in most contracts. KC HRW futures are down 5 to 6 cents at midday. MPLS spring wheat is steady to a penny lower. Crude oil...
From
Austin Schroeder
via
Barchart
Soybeans Back to Steady on Friday
Soybeans are mixed on Friday, within a penny of unchanged on Friday. The cmdtyView national average Cash Bean price is up 1 cent at $10.99. Soymeal futures are $1.50 to 1.70 on the day, with Soy Oil futures down 120 to 130 points. The latter is pressured with crude oil...
From
Mike Schuler
via
gCaptain
Shipping Industry Pushes Back on ‘Open’ Hormuz Narrative as Risks Persist
The global shipping industry is urging caution after declarations from both Washington and Tehran that the Strait of Hormuz is “open,” warning that conditions on the water remain far from...
From
Jim Wyckoff
via
Barchart
How Much Higher Can Wheat Prices Go in April?
July soft red wheat futures present a buying opportunity on more price strength.
From
Paul Morgan
via
gCaptain
Europe Moves From Rhetoric to Planning as Paris Summit Weighs Hormuz Security Mission
The prospect of a multinational mission to secure commercial shipping through the Strait of Hormuz has moved sharply up the diplomatic agenda after European leaders gathered in Paris today, even as Iran and the United States declare the waterway “open” following a ceasefire tied to Lebanon.
From
Mike Schuler
via
gCaptain
Iran and Trump Declare Hormuz ‘Open,’ But Route, Mines, and U.S. Blockade Cloud Reality
Iran has declared the Strait of Hormuz open to commercial shipping following the ceasefire in Lebanon, but the terms of that reopening—and how it interacts with ongoing U.S. enforcement measures—remain...
From
Austin Schroeder
via
Barchart
Soybeans Slipping to Kick Off Friday Trade
Soybeans are trading with contracts down 4 to 6 cents on Friday morning. closed the Thursday session with contracts down ¾ to 3 ¼ cents in the front months, with deferred new crop contracts fractionally to 2 cents higher. Open interest was up just 2,816 contracts on Thursday. The cmdtyView...
From
Austin Schroeder
via
Barchart
Wheat Easing Back to Start Friday
Wheat is showing mixed action to start Friday trade, with winter wheats weaker. The wheat complex is trading with gains across most contracts so far on the Thursday session. Chicago SRW futures were steady to 4 ¾ cents higher in most contracts. KC HRW futures led the bull’s charge, up...
From
Austin Schroeder
via
Barchart
Corn Starting Friday Mixed
Corn price action is trading with contracts fractionally lower to a penny plus higher on Friday morning. Futures were busy reverting from the Wednesday gains on Thursday, with contracts down fractionally in the new crop contracts to 2 3/4 cents in the nearbys at the close. Open interest was up...
From
Darin Newsom
via
Barchart
What Are Fridays in the Commodity Complex Easy to Predict?
As I've said before, the job of analyzing markets has grown much easier given the repetitive cycle of market drivers.
From
Trent Klarenbach
via
Barchart
Hard Red Spring Wheat wants to break out
We look at Hard Red Spring Wheat.