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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 Closes with Marginal Weakness on Wednesday
Soybeans saw contracts facing some weakness on Wednesday, down fractionally to 3 cents at the close. The cmdtyView national average Cash Bean price was up 4 ¼ cents at $10.99 1/2. Soymeal futures were up $1.50 to $2.40, with Soy Oil futures 100 to 177 points lower. Crude Oil closed...
From
Chris Swift
via
Barchart
Shootin' the Bull about "has to"
While none of the above is believed a directional motivator for price, it does reflect the amount of risk producers are assuming at the current known highs of cattle prices. It's not that a high price can't be reached and input costs returned, it is that the price "has" to go up to come close to returning input costs.
From
Reuters
via
gCaptain
US LNG Exports Break Record High as Middle East War Disrupts Global Supply
U.S. exports of liquefied natural gas rose to an all?time high in March as plants ran above nameplate capacity and new units started up, preliminary data from financial firm LSEG showed.
From
Austin Schroeder
via
Barchart
Soybeans Holding Weaker on Wednesday
Soybeans are showing 1 to 4 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 1 ¼ cents at $10.97 3/4. Soymeal futures are up $1.50 to $2.00, with Soy Oil futures 150 to 165 points lower. Crude Oil is weaker, down $1.56...
From
Austin Schroeder
via
Barchart
Wheat Collapsing on Wednesday
The wheat complex is facing pressure on Wednesday, as money is coming off the table. Chicago SRW futures are falling 19 to 22 cents so far on the session. KC HRW futures are 20 to 22 ½ cents in the red on Wednesday. MPLS spring wheat was is down 17...
From
Austin Schroeder
via
Barchart
Corn Off Early Lows But Still Weaker at Midday
Corn futures are down 2 to 4 ½ cents in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 1 cent at $4.13 1/4. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested...
From
Malte Humpert
via
gCaptain
Libya Abandons ‘Arctic Metagaz’ Salvage At Edge of Malta SAR Zone
Libyan authorities have effectively halted efforts to secure the stricken LNG tanker Arctic Metagaz, towing the vessel far offshore and leaving it adrift near the edge of Malta’s search and rescue (SAR) zone, according to maritime tracking data, regional media and OSINT reporting.
From
Andrew Hecht
via
Barchart
Commodity Roundup- March’s Top Performers and Underperformers
The old saying is that March comes in like a lion and goes out like a lamb. In the energy sector, the lion roared in early March, pushing crude oil prices to the highest level since 2022. By the end of March, oil prices were lower, but remained elevated as the war in Iran continued to cause supply concerns.
From
Oliver Sloup
via
Barchart
Grains Retreat From a Strong End of the Month
Grain markets finished March on higher ground, but are retreating this morning as recent peace headlines. The last few weeks have played out like The Boy Who Cried Wolf. Is this time different?