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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
Darin Newsom
via
Barchart
Is the US Soybean Market Great Again?
Regardless of how one views the US soybean market, there are a number of fundamental factors that shed light on the situation.
From
Bloomberg
via
gCaptain
Russian Oil Stuck On India-Banned Ship Finds New Tanker
A cargo of Russian crude that was on a ship rejected by Indian port authorities is now being transferred to another tanker, ship-tracking data show, a sign of how traders are finding ways to skirt regulatory hurdles to keep sensitive freight moving.
From
Austin Schroeder
via
Barchart
Soybeans Collapsing on Tariff Response
Soybeans are posting another round of sharp losses on Friday morning, with contracts down 22 to 25 cents following an overnight Chinese response. They closed the Thursday session with losses of 18 to 20 cents after a gap lower at the open. Preliminary open interest data suggested net new selling,...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower on Risk Off Ahead of Weekend
Corn futures are trading with early 5 to 7 cent losses on Friday morning in sympathy with the bean market and a risk off approach heading into the weekend. Bulls pushed back on Thursday, coming off overnight lows and closing with front months fractionally mixed and new crop December down...
From
Austin Schroeder
via
Barchart
Wheat Weaker to Start Friday
The wheat complex is showing early losses across the front months on Friday. Futures closed mixed across the three exchanges on Thursday. Chicago SRW futures were down 2 to 4 cents to close out the day. Kansas City HRW contracts were fractionally to 2 cents in the green on the...
From
Mike Schuler
via
gCaptain
Loss of New Zealand Navy Ship Linked to Training Deficiencies, Autopilot Confusion
The Royal New Zealand Navy released its final Court of Inquiry report today detailing the circumstances that led to the loss of HMNZS Manawanui, which ran aground and subsequently sank...
From
Austin Schroeder
via
Barchart
Soybeans Close with Losses on Tariff Risks
Soybeans closed the Thursday session with losses of 18 to 20 cents after a gap lower at the open. CmdtyView’s national front month Cash Bean price is down 17 3/4 cents at $9.54 1/4. Soymeal futures were up 40 cents $2.40/ton, with Soy Oil futures back down 109 to 144...
From
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Thursday
Wheat futures took back most of the overnight weakness, with contracts closing mixed across the three exchanges. Chicago SRW futures were down 2 to 4 cents to close out the day. Kansas City HRW contracts were fractionally to 2 cents in the green on the day. MPLS spring wheat posted...
From
Austin Schroeder
via
Barchart
Corn Closes With Mixed Action on Thursdays
Corn bulls pushed back on Thursday, coming off overnight lows and closing with front months fractionally mixed and new crop December down 1 ¼ cents. are well off their overnight lows. The CmdtyView national average Cash Corn price was down 1/4 cent on the day at $4.27 1/4. Wednesday’s “Liberation...
From
Ira Breskin
via
gCaptain
‘Worse Than Covid’: Trump’s Port Fee Plan Could Upend U.S. Shipping Schedules
Shipping industry executives are considering options to address Trump administration policy changes, under consideration or enacted, that could significantly disrupt operations, speakers said here this week at the 40th annual Connecticut Maritime Association annual meeting.
From
Ben DiCostanzo
via
Barchart
Cattle Markets Crash
Tariff news pressures markets as recession fears build
From
Mike Schuler
via
gCaptain
Seaspan Cuts Steel on Advanced Polar Icebreaker for Canadian Coast Guard
Seaspan Shipyards began construction today on what will become the most capable vessel in the Canadian Coast Guard’s fleet – a new heavy polar icebreaker, marking the country’s first such...