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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
Austin Schroeder
via
Barchart
Soybeans Retreating on Thursday Morning After Gapping Lower on Tariff News
Soybeans are trading with sharp losses of 20 to 21 cents in the nearbys early on Thursday. Futures pulled off the lows on Wednesday, but still closed in the red, down 2 to 5 cents. Preliminary open interest was up 8,743 contracts on Wednesday. CmdtyView’s national front month Cash Bean...
From
Austin Schroeder
via
Barchart
Corn Gaps Lower on Tariffs
Corn price action is starting off Thursday with early losses of 6 to 8 cents so far. Futures closed the Wednesday session with contracts fractionally lower in some new crop months to as much 4 cents in the red for nearbys as traders were preparing for the tariffs released after...
From
Bloomberg
via
gCaptain
Oil Traders Shun China-Made Ships for US Flows on Trump Levies
Oil traders looking to book ships that call at US ports are trying to avoid Chinese-built vessels, after President Donald Trump proposed hefty fees on them in a bid to revive American shipbuilding.
From
Austin Schroeder
via
Barchart
Wheat Mixed at Wednesday’s Close
Wheat posted mixed trade at Wednesday’s close, as contracts were higher in the KC market but lower in the others. Chicago SRW futures saw losses of 1 to 2 cents on the day. Kansas City HRW contracts settled with 3 to 4 cent gains on Wednesday. MPLS spring wheat was...
From
Austin Schroeder
via
Barchart
Soybeans Slip Lower on Wednesday, with Reciprocal Tariffs Announced
Soybeans pulled off the lows on Wednesday, but still closed in the red, down 2 to 5 cents. CmdtyView’s national front month Cash Bean price was down 5 cents at $9.73. Soymeal futures were down $3.20 to $5.10/ton at the close, with Soy Oil futures up another 66 to 111...
From
Austin Schroeder
via
Barchart
Corn Fall on Wednesday as Liberation Day Tariffs Announced
Corn futures closed the midweek session with contracts fractionally lower in some new crop months to as much 4 cents in the red for nearbys. The CmdtyView national average Cash Corn price was down 3 3/4 cents on the day at $4.27 1/2. President Trump’s “Liberation Day” tariffs came with...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
New Seasonal/Contract Highs for the Fats - Now Can It Break. Soybean Oil Making New Contract Highs as Well.
From
Mike Schuler
via
gCaptain
Trump Drops Tariff Bomb On All U.S. Imports and Higher Reciprocal Rates
President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, in a move that ratchets up a trade war that he kicked off on his return to the White House.
From
Sean Lusk
via
Barchart
Grain Spreads: Funds Potentially Record Short Meal
Over 100K Net Short Possible
From
Mike Schuler
via
gCaptain
IMO Prepares to Finalize Decarbonization Framework That Could Reshape Global Shipping
The International Maritime Organization (IMO) is preparing to finalize crucial greenhouse gas (GHG) reduction measures at its upcoming Marine Environment Protection Committee meeting (MEPC 83) in London. The high-stakes meeting,...
From
Mike Schuler
via
gCaptain
Stena Immaculate Crew Praised After Fiery Collision at Anchor
The crew of the U.S.-flagged tanker Stena Immaculate demonstrated exceptional professionalism when their vessel was struck by the containership Solong off Britain’s east coast on March 10, preventing what could...
From
Austin Schroeder
via
Barchart
Soybeans Still Weaker on Wednesday
Soybeans are trading with midday weakness on Wednesday, as contract are down 2 to 6 cents. CmdtyView’s national front month Cash Bean price is down 6 1/4 cents at $9.72 ¾. Soymeal futures are down$4.50/ton, with Soy Oil futures up another 79 points so far on the day. USDA reported...