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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....
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From
Austin Schroeder
via
Barchart
Wheat Closes with Friday Losses
The wheat complex is showing mixed trade on Friday. Chicago SRW futures were down 3 ½ to 6 cents higher on the Friday session, with May 27 ¼ cents lower on the week. KC HRW futures were down ¾ to 3 cents on the day, with front month May the...
From
Oliver Sloup
via
Barchart
That’s a Wrap for Grain and Livestock Markets!
Here’s a look at how things shook out to round out the week, including a look at fund positioning and seasonal tendencies for grain and livestock markets
From
Reuters
via
gCaptain
Estonia Says Detaining Russia’s Tankers in Baltic Sea is Too Risky
NATO member Estonia will refrain from detaining Russia's "shadow fleet" vessels in the Baltic Sea, worried that seizing oil tankers and other ships sanctioned by the West could lead Moscow to defend them militarily, a senior commander said on Friday.
From
Austin Schroeder
via
Barchart
Corn Pulling Off Early Lows at Midday
Corn futures are trading with fractional to 2 cent losses at midday. The CmdtyView national average Cash Corn price is 1 to 1 ¼ cents at $4.03 1/4. USDA reported a private export sale of 126,640 MT of corn to unknown destinations this morning. Export Sales data from Thursday morning...
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday
The wheat complex is showing mixed trade on Friday. Chicago SRW futures are slipping 1 to 2 cents at midday. KC HRW futures are showing 1 to 3 cent gains in the nearby contracts. MPLS spring wheat is down 6 to 7 cents in the front months on Friday Export...
From
Austin Schroeder
via
Barchart
Soybeans Rallying on Friday, Led by Meal Gains
Soybeans are trading with 7 to 13 cent gains at midday, led by the meal. The cmdtyView national average Cash Bean price is up 13 cents at $11.10 1/4. Soymeal futures are rallying $12 to $15 at midday, with Soy Oil futures down 50 to 53 points on Friday. USDA...
From
Bloomberg
via
gCaptain
Saudi Arabia Maintains Oil Exports From Key Red Sea Port for Now
Saudi Arabia’s oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through.
From
Mike Schuler
via
gCaptain
Maryland Reaches Settlement in Principle With Dali Owner in Key Bridge Collapse Case
Maryland has reached a settlement in principle with the owner and operator of the containership Dali, marking a significant step toward resolving state-level claims stemming from the catastrophic collapse of the Francis Scott...
From
Mike Schuler
via
gCaptain
Vale Unveils First Ethanol-Powered Mega Bulk Carriers
Brazilian mining giant Vale is pushing the boundaries of maritime decarbonization with plans to deploy the world’s first ocean-going vessel powered primarily by ethanol—a move that could slash greenhouse gas emissions by...
From
Reuters
via
gCaptain
Hormuz Strait Remains Shut As Lebanon fighting Strains Truce
The Strait of Hormuz remained shut on Friday and Israel traded fire with Hezbollah in Lebanon, two disputes which the United States and Iran each described as violations of their ceasefire deal on the eve of their first peace talks of the war.
From
Malte Humpert
via
gCaptain
EU Ramps Up Yamal LNG Imports in Q1, Paying Russia $3.3 billion Despite Looming Ban
The European Union sharply increased imports of liquefied natural gas from Russia’s Yamal LNG project in the first quarter of 2026, taking nearly all available cargoes and paying an estimated €2.88 billion, according to new analysis, even as a future import ban threatens to curb flows.
From
Austin Schroeder
via
Barchart
Wheat Looses Extending to Friday Morning
Wheat is starting off Friday with losses across the three markets. The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close. Open interest was down 15,543 contracts, as May dropped 21,480...