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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
Corn Rallies into the Close on Tariff Relief
Corn futures got a late session pop higher on Wednesday, following an announcement on tariff relief by President Trump. Contracts were up 4 to 6 cents across most months. The front month CmdtyView national average Cash Corn price was up 5 1/4 cent at $4.46 1/2. Late on the Wednesday...
From
Austin Schroeder
via
Barchart
Wheat Posts Strength on Wednesday
The wheat complex popped from mixed midday action to close with Wednesday gains across the three exchanges. Chicago SRW futures turned green into the close, with gains of 1 to 3 cents. Kansas City HRW contracts were up 5 to 7 cents on the session. MPLS spring wheat posted 7...
From
Austin Schroeder
via
Barchart
Soybeans Rally into the Close as Most Tariffs Paused
The soybean market got a late session rally on Wednesday to close the day with 19 to 21 point gains. CmdtyView’s national front month Cash Bean price was up 20 3/4 cents at $9.59 3/4. Soymeal futures were up 90 cents to $3.50/ton, with Soy Oil futures up 120 to...
From
Mike Schuler
via
gCaptain
Trump Signs Executive Order to Revitalize U.S. Shipbuilding Amid China’s Maritime Dominance
President Trump has signed an executive order on Wednesday aimed at revitalizing the domestic shipbuilding industry, including in the both the commercial and military sectors. The initiative comes as U.S....
From
Chris Swift
via
Barchart
Shootin' the Bull about a little bit for everyone.
Today's price action had a little bit for everyone.
From
Reuters
via
gCaptain
Trump, Hegseth Signal Panama Canal Pivot
Panama said on Wednesday the United States recognized its sovereignty over the Panama Canal, despite tough rhetoric from Washington, as the two nations announced agreements to deepen U.S. military training in the Central American nation.
From
Mike Schuler
via
gCaptain
HD Hyundai Signs Two Major U.S. Defense MOUs, Signaling Korean Push into American Shipbuilding
HD Hyundai Heavy Industries (HHI) has signed two separate memorandums of understanding this week with major American defense contractors in a move seen as underscoring growing South Korean involvement in...
From
Austin Schroeder
via
Barchart
Wheat Posting Mixed Action on Wednesday
The wheat complex is mixed at midday, with the hard red contracts showing the strength. Chicago SRW futures are leaking lower with fractional to 2 cent losses. Kansas City HRW contracts are up 3 to 5 cents at midday. MPLS spring wheat is posting 4 to 5 cent gains in...
From
Austin Schroeder
via
Barchart
Soybean Gains Holding on Wednesday as Trade War Escalates
Soybeans are looking at midday gains despite the trade war escalation overnight, as contracts are up 2 to 6 cents. CmdtyView’s national front month Cash Bean price is up 3 cents at $9.41. Soymeal futures are up $3.70/ton, with Soy Oil futures down 35 points. The addition 50% tariffs on...
From
Austin Schroeder
via
Barchart
Corn Mixed at Midday
The corn market is showing some unwinding of the recent bull spreading at midday, with nearby contracts down fractionally. New crop December is up 1 ½ cents. The front month CmdtyView national average Cash Corn price is down 3/4 cent at $4.40 3/4. EIA data from this morning showed a...
From
Reuters
via
gCaptain
CK Hutchison Says it Invested $1.7B in Panama, Surpassing Obligations
April 9 (Reuters) – A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is...
From
Mike Schuler
via
gCaptain
End of a Growth Era: U.S. Container Imports Set to Plunge as Sweeping Trade Tariffs Take Effect
May 2025 is projected to mark the end of 19 consecutive months of year-over-year growth amid Trump’s escalating Trade War, new forecasts warn. Major U.S. container ports are bracing for...