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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....
The APS Information Center
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From
Austin Schroeder
via
Barchart
Wheat Falling After USDA Adds Bushels to the Balance Sheet
The wheat complex is slipping on Thursday, following an increased stocks number from USDA on Thursday. Chicago SRW futures are 9 to 11 cents in the red on Thursday. KC HRW futures are 9 to 11 cents lower so far on the session. MPLS spring wheat is down 6 to...
From
Austin Schroeder
via
Barchart
Soybeans Holding onto Thursday Gains as USDA Makes Few Major Changes
Soybeans are showing 1 to 3 cent gains at Thursday’s midday. The cmdtyView national average Cash Bean price is up 3 1/4 cents at $10.97. Soymeal futures are up $2.30 to $3.50 on the day, with Soy Oil futures down 30 to 35 points on the day. Crude oil is...
From
Trent Klarenbach
via
Barchart
Are Soybeans Finding Support
We look at the Nearby Soybean chart for level of support.
From
Malte Humpert
via
gCaptain
MOL Awaits Safety Clarity Before Resuming Hormuz Transits, CEO Says
Japan’s Mitsui O.S.K. Lines (MOL) is holding back from moving more vessels through the Strait of Hormuz until it receives clearer safety assurances and guidance from the Japanese government, its chief executive said on Thursday, underscoring continued uncertainty despite a tentative ceasefire in the region.
From
Mike Schuler
via
gCaptain
IMO Warns Hormuz Toll Would Set ‘Dangerous Precedent’
LONDON, April 9 (Reuters) – Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency...
From
Mike Schuler
via
gCaptain
Global Ship Order Book Hits 17-Year High as Tanker Orders Surge
The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across the 2020s continues to...
From
Mike Schuler
via
gCaptain
Container Rates Rise Again as Fuel Costs, Hormuz Uncertainty Ripple Through Global Trade
Container spot rates edged higher this week, with mounting fuel costs and continued uncertainty around the Strait of Hormuz beginning to reshape pricing dynamics across key trade lanes. Drewry’s World...
From
Mike Schuler
via
gCaptain
Australia Bans Bulk Carrier After 7 Months of Unpaid Crew Wages
Australia’s maritime regulator has issued a stark warning to shipowners after banning a Liberia-flagged bulk carrier for six months over serious breaches of seafarer welfare standards. The Australian Maritime Safety Authority (AMSA)...
From
Reuters
via
gCaptain
Kremlin Says Russia Has Right to Defend Itself From ‘Piracy’ After Report of Warship Escort Near UK
The Kremlin said on Thursday that Russia had the right to defend itself from what it called piracy after a British newspaper reported that a Russian navy frigate had escorted oil tankers sanctioned by Britain through the English Channel.
From
Oliver Sloup
via
Barchart
Grain Traders Await New News from the USDA
Grain markets have seen a lot of back and forth over the last few weeks, presenting some great shorter term trading opportunities. Will that continue, or will we see more of a directional move following today’s WASDE report?