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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 Rally on Tuesday with Lower Acres Expected
Soybeans posted 5 to 13 ½ cent gains across most contracts on Tuesday, led by the new crop months. The cmdtyView national average Cash Bean price was up 8 ¼ cents at $10.95. Soymeal futures were up $1.10 to $2.50, with Soy Oil futures 14 to 41 points higher. NASS...
From
Austin Schroeder
via
Barchart
Wheat Closes with Report Day Gains as Acres Seen Lower than Expected
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. KC HRW futures saw 3 to 9 1/4 cent gains though contracts were well off the middy highs. MPLS spring wheat was...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Having Any Fun Yet? Fats and Feeders Eyeing Contract Highs - Grains Look Overbought
From
Oliver Sloup
via
Barchart
Corn & Soybeans Rally on USDA Report — Bulls Need This Key Level Next! 🌽📊
Grain markets finished the month strong after the USDA’s Quarterly Stocks and Planting Intentions Report pushed prices higher. Oliver Sloup breaks down the big moves in May and December corn, the crucial 20-day moving average, and what the acreage numbers mean for soybeans. Tune in!
From
Malte Humpert
via
gCaptain
China, Pakistan Propose Middle East Ceasefire Plan, Urge Swift Talks
China and Pakistan on Tuesday jointly proposed a five-point peace initiative calling for an immediate ceasefire and the rapid launch of negotiations to end escalating conflict in the Middle East, as both countries stepped up diplomatic efforts to defuse a widening regional crisis.
From
Chris Swift
via
Barchart
Shootin' the Bull about spittin' distances
The end of the first quarter saw most contract months within spitting distance of contract high.
From
Walsh Trading
via
Barchart
Chart of the Day - May Wheat
With the Quarterly Grain Stocks and Planting Intentions now behind us, weather becomes the focus.
From
Malte Humpert
via
gCaptain
US Removes Sanctions on Three Russian Vessels, Says Move Not Policy Shift
The United States has removed sanctions on three Russian-flagged vessels, including container ships Fesco Moneron and Fesco Magadan and the cargo ship Sv Nikolay, the Treasury Department said on Tuesday, in a move officials described as routine and not indicative of a broader change in Russia policy.
From
Reuters
via
gCaptain
Russian Oil Tanker Begins Discharging Cargo in Cuba’s Matanzas Terminal
A Russian-flagged tanker carrying some 700,000 barrels of crude docked in Cuba's Matanzas oil terminal on Tuesday, shipping data showed, marking the first significant oil delivery to the island since President Donald Trump's administration cut off its fuel supply.
From
Austin Schroeder
via
Barchart
Soybeans Rallying as Acres Seen Lower than Expected
Soybeans are getting a double digit bounce on Tuesday’s midday, with futures up 10 to 14 cents in the 2026 contracts. The cmdtyView national average Cash Bean price is up 8 ¼ cents at $10.95. Soymeal futures are up $1.90 to $2.30 at midday, with Soy Oil futures 60 to...
From
Austin Schroeder
via
Barchart
Wheat In Rally Mode on Tuesday, as Acres Drop
The wheat complex is getting a double digit positive reaction to the USDA acreage report this morning. Chicago SRW futures are 11 to 12 1/2 cents higher. KC HRW futures are up 16 to 17 cents at midday. MPLS spring wheat is rallying 10 to 11 cents on the Tuesday...
From
Austin Schroeder
via
Barchart
Corn Bouncing Following Positive Stocks Data
Corn futures are showing 1 to 3 ¼ cent gains across the front months on Tuesday following some friendlier old crop numbers from USDA. The CmdtyView national average Cash Corn price is up 1 1/2 cents to $4.16 3/4. USDA’s annual March Prospective Plantings report from this morning showed a...