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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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For detailed updates and additional resources, explore our resources section.
From
Jim Roemer
via
Barchart
What's the Skinny on Orange Juice?
Jim delves into OJ (Weatherwise & Marketwise & Healthwise & Otherwise)
From
Reuters
via
gCaptain
Trump Says US Can Take Strait of Hormuz With More Time
President Donald Trump on Friday said the U.S. can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war against Iran.
From
The Loadstar
via
gCaptain
Container Rates Stall as Capacity Glut Offsets Hormuz Shock
Container spot freight rates on the main east-west trades largely flatlined this week as excess capacity and uneven demand failed to further spur recent pricing increases by carriers.
From
Bloomberg
via
gCaptain
French and Japanese-Owned Ships Make First Hormuz Crossings
By Weilun Soon and Samy Adghirni (Bloomberg) — A French container ship and a Japanese-owned tanker have crossed the Strait of Hormuz, in what appear to be the first such transits...
From
Bloomberg
via
gCaptain
Trump’s 2027 War Department Budget Plan Could Exceed $1.5 Trillion
By Erik Wasson and Gregory Korte (Bloomberg) President Donald Trump is preparing to release a fiscal year 2027 budget plan on Friday that will frame his party’s midterm election message around...
From
Malte Humpert
via
gCaptain
First Japanese LNG Carrier Passes Through Hormuz Since Iran Conflict Began
A Japanese-linked liquefied natural gas (LNG) carrier has successfully transited the Strait of Hormuz, marking the first such passage by a Japan-affiliated vessel since the waterway was effectively shut by conflict in the region, its operator said on Friday.
From
Bloomberg
via
gCaptain
Iran Strikes Gulf Energy Sites as Trump Warns of Further Attacks
Iran targeted more sites in Arab Gulf states overnight and into Friday, hours after US President Donald Trump issued fresh threats against Iranian infrastructure to pressure Tehran to start peace negotiations.
From
Reuters
via
gCaptain
Sweden Seizes Sanctioned Oil Tanker Suspected of Being Source of Spill
The Swedish Coast Guard said on Friday it had seized an oil tanker in the Baltic Sea that is believed to be part of the Russian shadow fleet and suspected to be the source of a 12 km oil spill off the island of Gotland.
From
Reuters
via
gCaptain
South Korea, France Agree to Deepen Defense Cooperation Amid Middle East Conflict
South Korean President Lee Jae Myung and French President Emmanuel Macron said on Friday they planned to boost defense cooperation and work together to address the economic and energy crises triggered by the war in Iran.
From
Bloomberg
via
gCaptain
French-Owned Container Ship Exits Hormuz in First Since Iran War
A container ship signaling French ownership has exited the Strait of Hormuz, in what appears to be the first known transit by a vessel linked to Western Europe since the war all but shuttered the vital waterway.
From
Austin Schroeder
via
Barchart
Wheat Close the Week with Slight Gains
The wheat complex held on for marginal gains to head into the long weekend. Chicago SRW futures saw fractional to 2 cent gains on the day, with May down 6 ¾ cents on the week. KC HRW futures were 2 to 3 1/2 cents higher on Thursday, as May fell...
From
Austin Schroeder
via
Barchart
Wheat Close the Week with Slight Gains
The wheat complex held on for marginal gains to head into the long weekend. Chicago SRW futures saw fractional to 2 cent gains on the day, with May down 6 ¾ cents on the week. KC HRW futures were 2 to 3 1/2 cents higher on Thursday, as May fell...