.svg){kind=icon}
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
Mike Schuler
via
gCaptain
Global Oil Flows Plunge as Hormuz Disruption Chokes Tanker Trade
Global seaborne crude oil shipments have fallen 16% since the start of the Iran war, according to the BIMCO, highlighting the scale of disruption rippling through energy and tanker markets as...
From
Austin Schroeder
via
Barchart
Wheat Pushing Higher on Tuesday Morning, as Condition Ratings Slip
The wheat complex posted strength on Monday, with double digit gains across the three exchanges. Chicago SRW futures were 6 to 11 1/4 cents higher at the close. Open interest was down 8,983 contracts, mainly on a 27,891 contract drop in May. KC HRW futures were 5 to 12 1/4...
From
Austin Schroeder
via
Barchart
Corn Starting Tuesday on a Higher Note
Corn are trading with early 2 to 3 cent gains on Tuesday morning. Futures failed to hold onto the Monday gains, closing with contracts steady to 1 ¼ cents lower and 5-6 cents off the highs. Preliminary open interest was up 7,622 contracts on the day. The CmdtyView national average...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing to Start Turnaround Tuesday Trade
Soybeans are showing 1 to 3 cent gains early on Tuesday after retreating on Monday. Futures closed Monday with losses of 5 to 13 ¾ cents easing lower into the close. Open interest suggested some of that was longs liquidating, down 5,830 contracts. The cmdtyView national average Cash Bean price...
From
Reuters
via
gCaptain
Russian Drones hit Ukrainian Port, Damage Panama-Flagged Vessel, Officials Say
Russian drones attacked Ukraine's Izmail port in the southern Odesa region overnight and damaged a civilian Panama-flagged vessel, Ukrainian officials said on Tuesday.
From
Bloomberg
via
gCaptain
US-Sanctioned Tanker Tests Trump Blockade With Hormuz Exit
A US-sanctioned tanker linked to China is sailing out of the Strait of Hormuz and into the Gulf of Oman, testing President Donald Trump’s naval blockade.
From
Reuters
via
gCaptain
North Korea Tests Cruise and Anti-Ship Missiles from Destroyer
North Korea conducted another test-fire of strategic cruise missiles and anti-warship missiles on Sunday as part of operational efficiency trials of its destroyer Choe Hyon, state media KCNA said on Tuesday.
From
Bloomberg
via
gCaptain
Argentina River Auction Draws Fire From U.S. Dredger Over ‘Cooked’ Tender
A US dredging company is calling out the bid terms of President Javier Milei’s signature concession in Argentina, claiming they’re tilted in favor of a consortium with past ties to China.
From
Lori Ann LaRocco
via
gCaptain
Port of Los Angeles Posts Strong March as Trade and Energy Risks Build
By Lori Ann LaRocco – The Port of Los Angeles was a beehive of activity in March, but details are emerging on the impact of the U.S./Israel war with Iran...
From
Austin Schroeder
via
Barchart
Wheat Holds onto Rally on Monday, as Condition Ratings Slip
The wheat complex posted strength on Monday, with double digit gains across the three exchanges. Chicago SRW futures were 6 to 11 1/4 cents higher at the close. KC HRW futures were 5 to 12 1/4 cents in the green on the day. MPLS spring wheat were up 10 to...
From
Austin Schroeder
via
Barchart
Soybeans Pressured Lower on Monday
Soybeans closed Monday with losses of 5 to 13 ¾ cents easing lower into the close. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $10.95 3/4. Soymeal futures were up a dime to $1.60 lower on the day, with Soy Oil futures down 58 to...
From
Austin Schroeder
via
Barchart
Corn Slips Lower into the Close
Corn futures failed to hold onto the Monday gains, closing with contracts steady to 1 ¼ cents lower and 5-6 cents off the highs. The CmdtyView national average Cash Corn price was down 1/2 cent at $4.02 3/4. Crude oil was up just $1.42 on the day, coming well off...