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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....
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From
Austin Schroeder
via
Barchart
Soybeans Rise Out of Easter Weekend
Soybeans posted gains on Monday, with contracts 3 to 5 1/2 cents higher at the post-Easter close. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $10.97 1/2. Soymeal futures were down $1 to $1.70 higher in the front months, with Soy Oil futures up 40...
From
Austin Schroeder
via
Barchart
Wheat Starts the Week with Losses
The wheat complex was mostly lower on Monday across the three markets. Chicago SRW futures were mixed, with front months down 1 to 3 cents and back months higher. KC HRW futures saw nearby losses of 2 ¾ to 7 ½ cents at the close. MPLS spring wheat was 1...
From
Chris Swift
via
Barchart
Shootin' the Bull about weathering the storm
Cattlemen are having to weather some awfully big economic, inflationary, and discretionary spending storms beating down on consumers while laying in feeders at the top of the known price range.
From
Jim Wyckoff
via
Barchart
A Strong U.S. Dollar Is Squelching Grain Market Bulls
The U.S. dollar index nears 10-month highs and is pressuring grain futures including corn, soybeans, and wheat. What to watch this week.
From
Malte Humpert
via
gCaptain
Libya Resumes ‘Arctic Metagaz’ Salvage as IMO Monitors, Probe Links Attack to Ukraine Operations in Libya
Libya has resumed salvage operations on the stricken Russian LNG carrier Arctic Metagaz, deploying naval assets and divers as the International Maritime Organization (IMO) confirmed it is closely monitoring the situation and coordinating with regional partners.
From
Mike Schuler
via
gCaptain
Tug Captain Charged After Fatal Biscayne Bay Collision Kills Three Children
A tugboat captain has been charged with seaman’s manslaughter following a fatal collision in Biscayne Bay that left three children dead, federal prosecutors announced. According to court filings, Yusiel Lopez Insua,...
From
Mike Schuler
via
gCaptain
Suspected Chemical Shipments From China to Iran Raise Concerns Over Potential Missile Expansion
Back in February, one week before American and Israeli warplanes launched a coordinated air campaign against Iran, a vessel called the Hamouna slipped out of Gaolan port on China’s southern coast and set course for the Persian Gulf. It was not alone.
From
Austin Schroeder
via
Barchart
Wheat Facing Monday Weakness
The wheat complex are coming out of the long weekend with losses across the three markets. Chicago SRW futures are starting the week with losses of 4 cents in the front months. KC HRW futures are down 10 to 11 cents on Monday. MPLS spring wheat is trading with 4...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher on Monday
Corn futures are fading off the early morning weakness, with contracts up 1 to 2 cents at Monday’s midday. The CmdtyView national average Cash Corn price is up 2 cents at $4.15 1/2. Monday morning’s Export Inspections report showed 2.002 MMT (78.82 mbu) of corn shipped in the week of...
From
Austin Schroeder
via
Barchart
Soybeans Posting Midday Gains
Soybeans are trading with contracts 3 to 4 cents higher at Monday’s midday. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $10.94. Soymeal futures are $2 to $2.30 higher in the front months, with Soy Oil futures are up 70 to 75 points so far...
From
Jim Van Meerten
via
Barchart
Bullish on Corn and Soybeans? This Stock Just Hit New All-Time Highs.
Corteva (CTVA) exhibits strong technical momentum and recently hit a new all-time high. Shares are up more than 50% over the past 52 weeks. Analyst sentiment is overwhelmingly positive with most major firms rating CTVA a “Buy.” Low short interest and strong support from both Wall Street and individual investors...