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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
The Loadstar
via
gCaptain
Freight Rates Stall After Lunar New Year as Carriers Eye Blank Sailings
Container freight spot rates on the major trades saw limited movement this week as supply chains in China slowly began to restart following the new year holiday.
From
Reuters
via
gCaptain
France Says ‘Ridiculous Provocation’ if Russia Behind Drone Near Charles de Gaulle Carrier
Sweden shot down an unidentified drone near France's Charles de Gaulle aircraft carrier docked in Malmo. French Foreign Minister calls it a "ridiculous provocation" if Russia is behind the incident, marking the latest drone activity near NATO assets.
From
Austin Schroeder
via
Barchart
Soybeans Posting Friday Gains to Round Out February
Soybeans are posting 5 to 6 cent gains in the nearby contracts on Friday. There were 138 deliveries issue against March soybean futures overnight. The cmdtyView national average Cash Bean price is up 5 3/4 cents at $10.89 1/2. Soymeal futures are steady to $1.90 lower in the front months,...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Friday
The wheat complex is rallying across all three markets on Thursday. Chicago SRW futures are 18 to 21 cents higher on Friday. KC HRW futures are trading 18 to 19 cents higher across most contracts. MPLS spring wheat are up 13 to 16 ½ cents so far on the day....
From
Austin Schroeder
via
Barchart
Corn Rallying on Friday
Corn futures are trading with gains of 5 to 6 cents in the front months on Friday. First notice day showed just 9 deliveries overnight all issued by the Bunge house account. The CmdtyView national average Cash Corn price is up 6 1/4 cents to $4.07 3/4. The spring base...
From
Bloomberg
via
gCaptain
Russian Oil Tanker Diverts From Cuba as Trump Naval Blockade Deters Shipments
The tanker Sea Horse carrying 200,000 barrels of Russian gas oil diverted from Cuba and is now drifting in the North Atlantic. The move worsens Cuba's fuel crisis as Trump's Caribbean naval blockade deters shipments to the island.
From
Mike Schuler
via
gCaptain
U.S. Moves to Permanently Seize Sanctioned Tanker ‘Skipper’ and $150M Oil Cargo
The U.S. Department of Justice has filed a civil forfeiture complaint seeking to permanently seize the motor tanker Skipper and its roughly 1.8 million-barrel cargo of Venezuelan crude, marking the latest move in Washington’s expanding crackdown on oil shipments tied to Iran and Venezuela’s shadow fleet networks.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Reuters
via
gCaptain
South Korea’s Hanwha Ocean Targets US Navy Orders as Trump Seeks Shipbuilding Ties
SEOUL, May 5 (Reuters) – South Korean shipbuilder Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to pick up...
From
Mike Schuler
via
gCaptain
DEME Completes Acquisition of Norwegian Offshore Wind Contractor Havfram
Belgian marine engineering giant DEME has completed its acquisition of Norwegian offshore wind contractor Havfram in a deal valued at approximately 900 million euros. The acquisition, first announced on April...
From
Oliver Sloup
via
Barchart
Cattle Futures Post Another Round of New Contract Highs
Livestock markets rounded out last week's trade with a higher close. Thanks to a strong fundamental backdrop, that has propelled futures higher yet again. How much more upside is left?
From
Mike Schuler
via
gCaptain
USS Miguel Keith Completes Historic Overhaul at Japanese Shipyard
The U.S. Navy’s expeditionary mobile base USS Miguel Keith (ESB-5) has completed a groundbreaking five-month Regular Overhaul (ROH) at Mitsubishi Heavy Industries (MHI) in Yokohama, Japan. The $12 million maintenance...
From
Austin Schroeder
via
Barchart
Wheat Mostly Weaker on Monday Morning
The wheat market is trading with weaker winter wheat action on Monday morning. Wheat bulls were trying their best to put in some sort of bottom, as futures rallied across the three exchanges on Friday. Chicago SRW futures were up 11 to 12 cents at the close on Friday, with...
From
Austin Schroeder
via
Barchart
Corn Pulling Back Early on Monday
Corn futures are trading with 2 to 4 cent losses on Monday morning. The corn market closed out the Friday session with some bear spreading, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents last week....
From
Austin Schroeder
via
Barchart
Soybeans Falling Out of the Weekend
Soybeans are trading with 2 to 8 cent losses early on Monday. Futures posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. Preliminary open interest was up 10,251 contracts on Friday, with May OI at...
From
Bloomberg
via
gCaptain
European Firms Fare Better Than Feared Through Early Trade Pain
European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook.
From
Reuters
via
gCaptain
Philippine Coast Guard Says China Ship Conducting Illegal Survey Within EEZ
The Philippines has deployed a coast guard vessel and an aircraft to challenge and escort a Chinese research ship it said was conducting illegal marine scientific research activities within the country's exclusive economic zone.
From
Reuters
via
gCaptain
OPEC+ To Further Speed Up Oil Output Hikes
By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 4 (Reuters) – OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November,...
From
Bloomberg
via
gCaptain
Sudan Army Says RSF Attacks Key Port With Drones For First Time
By Mohammed Alamin May 4, 2025 (Bloomberg) –Sudan’s army said its opponents used drones to strike a military airbase and other locations in Port Sudan, the first apparent attacks of that...