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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
For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
Russia, China Block Hormuz Action at UN as Shipping Crisis Continues
The United Nations Security Council failed Tuesday to pass a Gulf-backed resolution aimed at protecting commercial shipping through the Strait of Hormuz, after Russia and China vetoed the measure—laying bare...
From
Mike Schuler
via
gCaptain
Pirates Abandon Hijacked Iranian Dhow After EU Naval Pressure Off Somalia
European naval forces say a hijacked Iranian fishing dhow has been successfully freed after nearly two weeks under pirate control in the Western Indian Ocean, marking the latest flare-up in...
From
Reuters
via
gCaptain
Trump Threatens to Kill ‘A Whole Civilization’ Over Strait of Hormuz Closure
U.S. President Donald Trump threatened that "a whole civilization will die tonight" as Iran showed no sign of accepting his ultimatum to open the Strait of Hormuz by Tuesday evening.
From
Trent Klarenbach
via
Barchart
Canola and the $750 Ceiling
We look at Canola's resistance and critical support levels.
From
Mike Schuler
via
gCaptain
NTSB: Boiler Fuel Leak Sparked $5.5M Engine Room Fire on Bulker in Mobile
The National Transportation Safety Board (NTSB) has determined that a failed O-ring seal and misaligned fuel system components caused a major engine room fire aboard the bulk carrier Lem Verbena...
From
Austin Schroeder
via
Barchart
Corn Showing Losses on Tuesday
Corn prices are down 3 to 5 cents so far on Tuesday’s midday. The CmdtyView national average Cash Corn price is down 5 cents at $4.09 1/4. Crude oil is up $2.48 at midday ahead of President Trump’s Tuesday night deadline for Iran. Corn longs may be taking some risk...
From
Austin Schroeder
via
Barchart
Wheat Trading Mixed on Tuesday
The wheat complex is mixed at midday, with the soft red contracts higher. Chicago SRW futures are fractionally to a penny in the front months so far on the day. KC HRW futures are trading with 2 to 3 cent losses on Tuesday. MPLS spring wheat is down 2 cents...
From
Austin Schroeder
via
Barchart
Soybeans Facing Losses at Midday
Soybeans are showing 9 to 11 cent losses in the front months on Tuesday. The cmdtyView national average Cash Bean price is down 10 1/2 cents at $10.87 1/2. Soymeal futures are down $$3.70 to $5 in the front months, with Soy Oil futures down 15 to 25 points at...
From
Reuters
via
gCaptain
US-Iran Talks Continuing, But Strikes on Saudi Arabia May Derail Effort, Say Sources
Talks between the United States and Iran were at risk of being derailed following Tehran's attacks on Saudi Arabian industrial facilities, two Pakistani sources with knowledge of the discussions told Reuters on Tuesday, as the hours before President Donald Trump's threat to unleash "hell" on the nation dwindled.
From
Malte Humpert
via
gCaptain
Container Vessel Hit by Projectile South of Iran’s Kish Island, Crew Safe, UKMTO Says
A container vessel was struck by an unidentified projectile in the Gulf, about 25 nautical miles south of Iran’s Kish Island, causing damage above the waterline but no injuries to crew, United Kingdom Maritime Trade Operations (UKMTO) Center said on Tuesday.
From
Oliver Sloup
via
Barchart
Grain Markets Remain Contained Within Technical Support and Resistance
A sideways trade in soybeans has been present for the better part of the last month, with a rangebound trade in corn starting to develop. These are the levels to keep an eye on into this week’s USDA report.