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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
Oliver Sloup
via
Barchart
Grain Markets Continue to Impress
Grain markets have done an incredible job shrugging off the chaos in the outside markets. A sign of a sound fundamental backdrop?
From
Mike Schuler
via
gCaptain
Fire Breaks Out on Container Ship ‘Victoria L’ Off Dutch Coast
A fire erupted in the engine room of the container ship Victoria L approximately 30 nautical miles west of Scheveningen, Netherlands, prompting a rapid response from Dutch authorities. The vessel,...
From
Bloomberg
via
gCaptain
China Raises Tariffs on US Goods to 84% as Trade Rift Worsens
China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.
From
Austin Schroeder
via
Barchart
Corn Popping Higher to Kick Off Wednesday Trade
Corn futures are showing 1 to 3 cent gains so far on Wednesday morning. The corn market found some support on Tuesday with contracts up 4 to 5 cents in the nearbys, as new crop was leaking lower, down ¼ in December. Preliminary open interest was down 24,490 contracts, with...
From
Austin Schroeder
via
Barchart
Wheat Extending Gains into Wednesday Morning
Wheat is trading with early midweek gains on Wednesday. The wheat complex posted Tuesday gains across the three markets. Chicago SRW futures saw gains of 3 to 4 cents on the session. Preliminary open interest suggested some short covering, down 9,083 contracts. Kansas City HRW contracts were 2 to 3...
From
Austin Schroeder
via
Barchart
Soybeans Holding Gains Despite Tariff Escalation Overnight
The soybean market is mixed this morning, with nearby contracts up 1 to 3 cents, and new crop November down 1 ½ cents. Futures saw a continuation of the Monday spreading, as front months were up 4 ¼ to 9 ¾ cents. New crop contracts were down 2 to 5...
From
Reuters
via
gCaptain
Trump Tariffs Kick in, China and Europe Hit Back
U.S. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, as the European Union prepared retaliatory measures, escalating a global trade war.
From
Mike Schuler
via
gCaptain
U.S. Withdraws from Critical IMO Climate Meeting, Threatens Retaliation Over Emissions Pricing
In a dramatic development at the International Maritime Organization’s (IMO) Marine Environment Protection Committee meeting in London, the Trump administration has announced the United States’ withdrawal from crucial maritime decarbonization...
From
Bloomberg
via
gCaptain
Panama Alleges Port Concession Violations, Increasing Pressure on CK Hutchison
Panama’s top auditor accused port operator CK Hutchison Holdings Ltd. of wrongdoing, providing a potential pathway for the Central American country to wrest control of canal facilities caught up in a diplomatic tug-of-war between the US and China.
From
Austin Schroeder
via
Barchart
Soybeans Spreading Continues on Tuesday
Soybeans saw a continuation of the Monday spreading, as front months were up 4 ¼ to 9 ¾ cents. New crop contracts were wo 2 to 5 cents at the close. CmdtyView’s national front month Cash Bean price was up 11 cents at $9.38. Soymeal futures were up a dime...
From
Austin Schroeder
via
Barchart
Wheat Gets Pop Higher on Tuesday
The wheat complex posted Tuesday gains across the three markets. Chicago SRW futures saw gains of 3 to 4 cents on the session. Kansas City HRW contracts were 2 to 3 cents higher across the nearbys on Tuesday. MPLS spring wheat posted gains of 6 to 7 cents in the...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed on Tuesday as Bull Spreading Continues
The corn market found some support on Tuesday with contracts up 4 to 5 cents in the nearbys, as new crop was leaking lower, down ¼ in December. The CmdtyView national average Cash Corn price was up 5 cents at $4.40 1/2. USDA reported a private export sale of 240,000...