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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
Mike Schuler
via
gCaptain
U.S. Treasury Exposes UAE-Based Iranian Oil Smuggling Fleet, Sanctions 30 Tankers
The U.S. Department of the Treasury has unveiled sanctions against a sophisticated maritime network responsible for smuggling hundreds of millions of dollars worth of Iranian petroleum, targeting UAE-based shipping magnate...
From
Chris Swift
via
Barchart
Shootin' the Bull about Feed Yards
Finally, feed yards and cattle feeders may be taking matters into their own hands. Lower bids are surfacing at sale barns. This will help, but if some rumors of feed yards cutting a percentage of capacity is true, that would do more good than anything to lower the price of feeder cattle.
From
Oliver Sloup
via
Barchart
Grain Markets Rally Post WASDE, While Cattle Retreat with Outside Markets
Grain markets were mostly higher in Thursday’s trade following a fairly friendly report, for corn in particular. Cattle futures continued to struggle in the midst of a risk off trade in the outside markets
From
Mike Schuler
via
gCaptain
Trump Executive Order Echoes SHIPS Act in Bid to Reclaim Maritime Dominance
President Donald Trump signed an executive order on Wednesday aimed at revitalizing the U.S. maritime and shipbuilding industries to counter China’s dominance in the sectors. The executive order aligns with...
From
Austin Schroeder
via
Barchart
Soybeans Extending Gains on Thursday
Soybeans are holding onto the Thursday gains, as contracts are up 6 to 12 cents so far at midday. CmdtyView’s national front month Cash Bean price is up 11 cents at $9.70 3/4. Soymeal futures are up $1.30/ton, with Soy Oil futures 9 points lower. USDA reported 2024/25 soybean sales...
From
Austin Schroeder
via
Barchart
Wheat Leaking Lower as USDA Boosts US Carryout
The wheat complex is falling lower across the three exchanges on Thursday, as the USDA was a little more bearish on the wheat side of their data this morning. Chicago SRW futures are back down 3 to 5 cents in the front months at midday. Kansas City HRW contracts are...
From
Austin Schroeder
via
Barchart
Corn Rallying on Large Cut to US Stocks
Corn futures are continuing rally on Thursday, as contracts are getting some support from a reduction to the US carryout number. Futures are up 2 to 6 cents at midday. The front month CmdtyView national average Cash Corn price is up 5 3/4 cent at $4.51 1/4. Export Sales data...
From
Bloomberg
via
gCaptain
Trump Tariffs on China Now at Least 145% as Trade War Ramps Up
President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate US-China trade.
From
Oliver Sloup
via
Barchart
Grains Firm Ahead if WASDE Report
Grain markets firmed yesterday afternoon and saw follow-through momentum overnight as traders await new news from the USDA.
From
Mike Schuler
via
gCaptain
Cargo Transfer Complete as Stena Immaculate Prepares for Port Entry Following Fiery North Sea Collision
The cargo transfer from the damaged tanker Stena Immaculate to the oil products tanker Fure Vyl has been successfully completed, with preparations underway for the vessel to be towed into...