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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
Soybeans Showing Modest Friday AM Gains as Meal Rallies
Soybeans are starting off Friday with 2 to 4 cent gains. Futures posted gains of ¼ to 4 cents on Thursday, led by the front months. Open interest suggested a rotation of ownership, up just 248 contracts. The cmdtyView national average Cash Bean price was up 3 3/4 cents at...
From
Austin Schroeder
via
Barchart
Corn Weakness Continues on Friday AM Trade
Corn prices are trading with 1 to 2 ½ cent losses on Friday morning as traders look to round out the week. Futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. Open interest was down 12,902 contracts on Thursday, mainly in the May, dropping 41,575...
From
Bloomberg
via
gCaptain
Trump Demands Reopening of Hormuz Ahead of US-Iran Peace Talks
US President Donald Trump demanded Iran reopen the Strait of Hormuz while Israel and Hezbollah exchanged fire, complicating upcoming talks aimed at turning a fragile ceasefire into lasting peace.
From
Malte Humpert
via
gCaptain
Oil Spill Shuts Key Access to Antwerp Port, Cleanup Under Way
An oil spill in the Deurganckdock at the port of Antwerp-Bruges has forced authorities to close a stretch of the River Scheldt to shipping, disrupting traffic at one of Europe’s busiest maritime hubs and raising concerns about environmental damage.
From
Reuters
via
gCaptain
Australia PM in Singapore As He Seeks to Secure Fuel Supplies from Regional Allies
Australian Prime Minister Anthony Albanese will meet his counterpart Lawrence Wong in Singapore on Friday as Canberra looks to secure fuel supplies from regional allies amid disruptions due to the Middle East conflict.
From
Bloomberg
via
gCaptain
Russian-Flagged Tanker Transits Hormuz Into Gulf in Rare Passage
A Russian-flagged supertanker passed through the Strait of Hormuz into the Persian Gulf, marking a rare passage for one of the nation’s ships as traders scrutinize every transit through the war-hit waterway.
From
Austin Schroeder
via
Barchart
Soybeans Post Slight Thursday Gains as USDA Makes Very Few Major Changes
Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97 1/2. Soymeal futures were up $1 to $3.50 on the day, with Soy Oil futures up 28 to 39 points on...
From
Austin Schroeder
via
Barchart
Wheat Falls on Thursday with Larger World Stocks Outlook
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. KC HRW futures were down 4 ¾ to 8 ¼ cents on the session. MPLS spring wheat was down 4 ¾...
From
Austin Schroeder
via
Barchart
Corn Slips Lower on Thursday, as the Trade Looks Past USDA Reports
Corn futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. The CmdtyView national average Cash Corn price was down 3 cents at $4.05 1/2. Crude oil was back up $4.06 on Thursday. South Korean importers purchased 136,000 MT of corn in tenders overnight, following the...
From
Mike Schuler
via
gCaptain
El Niño Watch Puts Panama Canal Back in Focus After Dramatic Drought Recovery
A newly issued El Niño Watch from the NOAA Climate Prediction Center is putting the Panama Canal back in focus, with early signals pointing to conditions that could once again squeeze one of the...
From
Darin Newsom
via
Barchart
Do We Need to Fear a "Super El Niño"?
Watch out for the "Supercalifragilisticexpialidocious" El Niño headed our way this year.
From
Austin Schroeder
via
Barchart
Corn Slipping on Thursday, as USDA Raises World Stocks
Corn futures are trading with 3 to 5 cent losses at Thursday’s midday, as USDA showed increased world stocks. The CmdtyView national average Cash Corn price was down 4 1/4 cents at $4.03 1/2. Crude oil is back up $3.21 so far on Thursday. South Korean importers purchased 136,000 MT...