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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
Reuters
via
gCaptain
Global Shippers Await Word on U.S. Plan to Hit China-Built Ships With Port Fees
The U.S. Trade Representative's office will announce its plan on Thursday for levying port fees on China-linked ships as part of President Donald Trump's effort to revive domestic shipbuilding and counter China's dominance on the high seas.
From
Bloomberg
via
gCaptain
Trump’s Offshore Wind Halt Risks $28 Billion of Investment
With an order to halt work on a wind farm off the coast of New York, the Trump administration dealt the offshore wind industry a damaging blow that puts $28 billion of investment at risk.
From
Mike Schuler
via
gCaptain
Fire Erupts on Car Carrier with Electric Vehicles in Belgian Port of Zeebrugge
A fire broke out Wednesday afternoon aboard a car carrier reportedly carrying 110 electric vehicles in Belgium’s Port of Zeebrugge’s outer harbor. The blaze originated on one of the cargo...
From
Mike Schuler
via
gCaptain
Containership Dismasts Iconic Tall Ship: ATSB Details Fremantle Port Incident
The Australian Transport Safety Bureau (ATSB) has released an interim report detailing last year’s collision involving the Singapore-flagged containership Maersk Shekou and the berthed tall ship STS Leeuwin II, Australia’s...
From
Oliver Sloup
via
Barchart
Grains Mixed into the Last Trading Day of the Week
Grain markets didn’t do much to tip the scale in Wednesday’s trade. Here’s the levels to keep an eye on for the last trading day of the week.
From
Austin Schroeder
via
Barchart
Corn Sneaking Out Losses Early on Thursday Morning
Corn futures closed the Wednesday session with contracts up 2 to 5 cents in most nearby contracts. The front month CmdtyView national average Cash Corn price was up 3 cents at $4.56 1/2. The markets will be off on Friday for Good Friday, with Thursday being the last trade day...
From
Austin Schroeder
via
Barchart
Soybeans Mixed to Start Thursday Trade
Soybeans are sticking close to unchanged on Thursday morning, with contracts up 1 ½ to down ½ cents. Beans posted gains of 2 to 4 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price was up 3 cents at $9.87 3/4. Soymeal futures closed with $2.40...
From
Austin Schroeder
via
Barchart
Wheat Pushing Higher Ahead of Export Sales Release
Wheat futures are up across the three markets on Thursday morning. The wheat markets posted Wednesday strength into the close across the three exchanges. Chicago SRW futures were up 5 to 6 cents across the nearbys. Preliminary open interest was down 4,387 contracts on Wednesday. Kansas City HRW was 3...
From
Reuters
via
gCaptain
Russian Arctic Oil Exports to China Jump Helped by STS Transfers, Sources Say
Russia’s Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according to traders and data from Vortexa.
From
Darin Newsom
via
Barchart
How Should Long-Term Investors View Wheat's Variable Storage Rate?
The CME's Variable Storage Rate program adds another layer to winter wheat's real supply and demand situation.
From
Austin Schroeder
via
Barchart
Soybeans Closes with Gains on Wednesday
Soybeans posted gains of 2 to 4 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price was up 3 cents at $9.87 3/4. Soymeal futures closed with $2.40 to $3.30/ton gains, as Soy Oil futures were up 15 to 24 points. The CME will be closed...
From
Austin Schroeder
via
Barchart
Wheat Holds Gains into Wednesday’s Close
The wheat markets posted Wednesday strength into the close across the three exchanges. Chicago SRW futures were up 5 to 6 cents across the nearbys. Kansas City HRW was 3 to 5 cents higher on the Wednesday session. MPLS spring wheat closed 1 to 3 cents in the green at...