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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
Bloomberg
via
gCaptain
Turkey in Talks With Iran for Ships’ Passage Through Hormuz
Turkey is seeking permission from Iranian authorities for 11 Turkish-owned ships to pass through the Strait of Hormuz, the country’s transportation minister said on Wednesday.
From
Reuters
via
gCaptain
IEA Warns Middle East Oil Disruptions Set to Hit Europe in April
Oil supply disruptions from the Middle East will rise in April and begin to impact Europe's economy as the closure of the Strait of Hormuz severely curbs supplies, International Energy Agency head Fatih Birol said on Wednesday.
From
The Loadstar
via
gCaptain
Panama-Flagged Ships Dominate China Detentions in Sudden March Spike
The number of Panama-flagged ships detained by China’s Port State Control soared in March, compared with February and January, according to The Loadstar’s analysis of the Tokyo MOU detention list.
From
Reuters
via
gCaptain
Trump Says U.S. May Exit Iran War Soon and Threatens to Quit NATO, as Oil Crisis Escalates
Global oil supplies are expected to be hit twice as hard this month as in March, the International Energy Agency said on Wednesday, underlining the urgent need to resolve the conflict over Iran that U.S. President Donald Trump said could end soon.
From
Austin Schroeder
via
Barchart
Corn Falling Back on Wednesday
Corn price action is down 4 to 5 cents so far on Wednesday morning. Futures closed the Tuesday session with contracts steady to 2 ¼ cents higher following some friendlier old crop numbers from USDA. Open interest was down 3,005 contracts in May, but up 9,593 contracts across the rest,...
From
Austin Schroeder
via
Barchart
Wheat Closes with Report Day Gains as Acres Seen Lower than Expected
Wheat is reverting back lower on Wednesday morning, down double digits across all three exchanges. The wheat complex got a positive reaction to the USDA report on Tuesday, rallying across the three markets. Chicago SRW futures were 4 to 9 1/4 cents higher. Open interest showed shorts covering, down 5,988...
From
Austin Schroeder
via
Barchart
Soybeans Starting April with Weakness
Soybeans are falling back to start April, as contracts are down 6 to 9 cents so far on Wednesday morning. Futures posted 5 to 13 ½ cent gains across most contracts on Tuesday, led by the new crop months. Open interest rose 9,917 contracts on Wednesday. The cmdtyView national average...
From
Bloomberg
via
gCaptain
Asia LNG Imports Drop Most Since 2022 as Iran War Upends Supply
Asian liquefied natural gas imports fell the most in more than three years last month as the conflict in the Middle East choked supply and sent prices higher.
From
Mike Schuler
via
gCaptain
Tanker Hit Off Qatar in Renewed Wave of Gulf Attacks After 9-Day Lull
A fuel oil tanker chartered by QatarEnergy has been struck by a missile in waters off Qatar, marking a sharp escalation in maritime attacks and pushing the threat envelope closer to one of the world’s most critical LNG export hubs.
From
Reuters
via
gCaptain
Iranian Missile Hit Oil Tanker in Qatari Waters, Qatar Says
An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defense ministry said.
From
Walsh Trading
via
Barchart
All wheat planted acreage estimate lowest since 1919
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The United States Department of Agriculture (USDA) Prospective Plantings report today says "All wheat planted area for 2026 is estimated at 43.8 million acres, down 3 percent from 2025. If realized,...
From
Austin Schroeder
via
Barchart
Corn Holds Higher on Tuesday
Corn futures closed the Tuesday session with contracts steady to 2 ¼ cents higher following some friendlier old crop numbers from USDA. The new crop data was a little less bull friendly. The CmdtyView national average Cash Corn price was steady to $4.14. USDA’s annual March Prospective Plantings report from...