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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....
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Darin Newsom
via
Barchart
What a New Generation of Traders in Commodities Might Mean For Markets
A recent story in Barrons talked about how the predictive market site Kalshi was adding new commodities for "trading"; commodities like Natural Gas and Wheat.
From
Bloomberg
via
gCaptain
Double Blockade Keeps Hormuz Shipping at Fraction of Peace Level
Shipping through the Strait of Hormuz, the waterway that’s become a focal point for the global economy, stayed far below peacetime levels as an effective double blockade stifles vessel movements.
From
Austin Schroeder
via
Barchart
Wheat Easing Back to Start Wednesday Trade
Wheat is showing losses in the winter wheat contracts, with spring wheat posting steady to higher trade to start the midweek session. The wheat complex posted strength across the three exchanges on Tuesday. Chicago SRW futures were 7 1/2 to 10 cents higher on the day. Open interest rose 2,101...
From
Austin Schroeder
via
Barchart
Soybeans Getting an Early Wednesday Bounce
Soybeans are trading with 7 to 9 cent gains on Wednesday morning. Futures were lower on Tuesday with contracts down 3 to 6 ½ cents across most months. Open interest was down 10,682 contracts on Tuesday, suggesting longs were exiting. The cmdtyView national average Cash Bean price was down 4...
From
Austin Schroeder
via
Barchart
Corn Starting Wednesday on a Higher Note
Corn price action is up 3 to 3 ½ cents in the nearbys so far on Wednesday morning. Futures closed out the Tuesday session on a mixed note, with front months up 1 ½ to 2 ¾ cents and other contracts fractionally lower. Open interest was up 19,559 contracts on...
From
Reuters
via
gCaptain
China Moves to Block Entrance to Disputed South China Sea Shoal, Images Show
China is employing ships and a barrier to tighten control of the entrance to the Scarborough Shoal in the South China Sea amid roiling tension with the Philippines over the disputed feature, satellite imagery obtained by Reuters shows.
From
Bloomberg
via
gCaptain
Iraq-Bound Tanker Sails Into Gulf After Second Attempt at Hormuz
Iraq-bound supertanker Agios Fanourios I has sailed into the Persian Gulf through the Strait of Hormuz on its second attempt, making it the first crude carrier to head west since a US blockade on Iran’s ports came into force.
From
Reuters
via
gCaptain
Hormuz Crisis at Crossroads as U.S.–Iran Talks Set to Restart
Talks to end the Iran war could resume in Pakistan over the next two days, U.S. President Donald Trump said on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports.
From
Walsh Trading
via
Barchart
Corn holds up as crude oil sells off
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Corn futures today held up even while crude oil sold off. Typically, the prices of corn and other grains go down along with crude oil. A complicating factor is the ongoing...
From
Austin Schroeder
via
Barchart
Wheat Rally Extends to Tuesday
The wheat complex posted strength across the three exchanges on Tuesday. Chicago SRW futures were 7 1/2 to 10 cents higher on the day. KC HRW futures led the way with gains of 18 1/2 to 20 1/4 cents on the day. MPLS spring wheat was up 11 to 113...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed on Tuesday
Corn futures closed out the Tuesday session on a mixed note, with front months up 1 ½ to 2 ¾ cents and other contracts fractionally lower. The CmdtyView national average Cash Corn price was up 3 cents at $4.05. USDA reported private export sales of 316,000 MT to Mexico (65,000...