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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
Wheat Rallies on Friday
The wheat complex was rallying on Friday, with the three exchanges higher on the session. Chicago SRW futures were back up 16 to 18 cents in the front months, with the front month May rallying 26 ¾ cents. Kansas City HRW contracts were 10 to 11 cents higher on the...
From
Austin Schroeder
via
Barchart
Corn Rallies into the Weekend
The corn market put on a rally on Friday, with contracts up 7 to 10 cents, as front months are approaching $5. May was up 30 cents this week, with December 16 ¾ cents higher. The front month CmdtyView national average Cash Corn price was up 7 1/4 cents at...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Grain Markets on Fire, as the Cattle Bounce Higher Again.
From
Mike Schuler
via
gCaptain
BIMCO Updates War Risk Clauses Amid Red Sea Crisis and Global Maritime Threats
BIMCO, the world’s largest shipping association and one of the primary providers of standardized contracts and charter party agreements used in the maritime industry, has announced significant updates to its War Risk...
From
Reuters
via
gCaptain
Taiwan Charges Captain of Chinese Cable Cutter
aiwan prosecutors on Friday for the first time charged a Chinese ship captain with intentionally damaging undersea cables off the island in February, after a rise in sea cable malfunctions alarmed Taiwan officials amid tensions with China.
From
Chris Swift
via
Barchart
Shootin' the Bull about filling up hotel rooms
I understand the argument of "if the hotel isn't full, you're losing money". I don't think that is the case any longer.
From
Austin Schroeder
via
Barchart
Wheat Rallying as Dollar Collapses
The wheat complex is taking back the weakness from Thursday, as contracts are up double digits across the three exchanges, as the USDA was a little more bearish. Chicago SRW futures are back up 16 to 18 cents in the front months. Kansas City HRW contracts are 12 to 14...
From
Austin Schroeder
via
Barchart
Corn Rallying on Friday
The corn market is rallying across most contracts on Friday, up 6 to 10 cents in most nearbys as we trade through midday. The front month CmdtyView national average Cash Corn price is up 6 cents at $4.61 3/4. USDA’s monthly WASDE report from Thursday saw a 75 mbu cut...
From
Austin Schroeder
via
Barchart
Soybeans Rallying Double Digits, Shrugging Off Chinese Tariffs
The soybean market is trading with double digit gains on Friday, as contracts are up 14 to 19 cents. CmdtyView’s national front month Cash Bean price was up 14 1/2 cents at $9.90 1/4. Soymeal futures are up $2.20/ton, with Soy Oil futures 96 points higher. Overnight, China retaliated to...
From
Mike Schuler
via
gCaptain
Tariff Turbulence Tests Container Markets, But Spot Rates Hold Firm
By Gavin van Marle (The Loadstar) – Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially schizophrenic effect on demand, spot freight rates this week...
From
Mike Schuler
via
gCaptain
IMO Makes History with First Global Carbon Pricing Scheme for Shipping, Despite Mixed Reactions
In a landmark decision, the International Maritime Organization (IMO) has approved the world’s first meaningful global carbon pricing scheme for the shipping industry, marking a significant step toward maritime decarbonization....
From
Reuters
via
gCaptain
China Hits Back at Trump Tariff Hike, US Stands Its Ground
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.