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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
Austin Schroeder
via
Barchart
Corn Holding Midday Gains
Corn futures are trading with contracts up 2 to 3 cents so far on the Wednesday session. The front month CmdtyView national average Cash Corn price is down 2 1/2 cents at $4.56 3/4. EIA data from this morning showed ethanol production continuing to drop, down 9,000 barrels per day...
From
Mike Schuler
via
gCaptain
NTSB Calls for National Reforms After Fatal Port Newark Ship Fire
The National Transportation Safety Board (NTSB) has released its findings on the July 2023 fire aboard the roll-on/roll-off container vessel Grande Costa D’Avorio at Port Newark, which resulted in two...
From
Bloomberg
via
gCaptain
U.S. in Talks With Yemeni Forces on Land Offensive Against Houthis
Yemeni forces opposed to the Houthis are in talks with the US and Gulf Arab allies about a possible land offensive to oust the militant group from the Red Sea coast, according to people involved in the discussions.
From
Mike Schuler
via
gCaptain
Under New Agreement, Global Seafarer Minimum Wage Set to Rise to $690 Per Month by 2026
The International Labour Organization (ILO) has concluded negotiations on a new global minimum wage agreement for seafarers, establishing progressive increases over the next three years. The agreement was reached during...
From
Mike Schuler
via
gCaptain
U.S. Treasury Sanctions Major Chinese Refinery and Shadow Fleet Vessels in Latest Iran Oil Crackdown
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on China-based Shandong Shengxing Chemical Co., Ltd. for purchasing over $1 billion worth of Iranian...
From
Oliver Sloup
via
Barchart
Grain Markets Stabilize Overnight
Grain markets have been lower at the start of the week but are attempting to find their footing int he Wednesday morning trade.
From
Austin Schroeder
via
Barchart
Corn Getting a Wednesday Morning Pop Higher
Corn futures are firm to 3 cents higher to kick off the Wednesday trade. The corn market was mixed on Tuesday, as the recent bull spreads were unwinding. Nearbys were down 3 to 4 cents at the close, with new crop December up 2 ¼ cents. The May-December corn spread...
From
Austin Schroeder
via
Barchart
Wheat Trying to Pull Out Some Gains on Wednesday Morning
Wheat is higher across all three exchanges early on Wednesday. The complex posted weakness on Tuesday, with contracts down across the three markets. Chicago SRW futures closed with losses of 5 to 6 cents on the Tuesday session. Kansas City HRW posted losses of 1 to 3 cents at the...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade on Wednesday Morning
Soybeans are trading with some Wednesday morning strength, as contracts are steady to 3 cents in the green. The soybean market closed with mixed action on Tuesday, as front months were down 3 to 6 cents. New crop November was up 1 ¼ cents. Preliminary open interest was down 3,767...
From
Bloomberg
via
gCaptain
Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff
Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in.
From
Austin Schroeder
via
Barchart
Corn Closes Mixed, as New Crop Bids Up
The corn market posted mixed trade, as the recent bull spreads unwind. Nearbys were down 3 to 4 cents at the close, with new crop December up 2 ¼ cents. The May-December corn spread is down to 17 cents, after being over 30 cents on Friday. The front month CmdtyView...