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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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For detailed updates and additional resources, explore our resources section.
From
Elizabeth H. Volk
via
Barchart
After a Record Bull Run, Is the Cattle Market Headed for Collapse?
Our Senior Market Analyst discusses misleading media coverage, monster-sized cows, and why the Strait of Hormuz could be the ‘last straw’ for US beef demand.
From
Malte Humpert
via
gCaptain
‘Arctic Metagaz’ Towing Operation Heads Toward Maltese Waters As Plans for Cargo Removal Unclear
The fate of the damaged tanker Arctic Metagaz remained uncertain as a Libyan-led towing operation pushed the vessel farther into the central Mediterranean, raising fresh questions about salvage plans, jurisdiction, and mounting weather risks.
From
Jim Wyckoff
via
Barchart
1 Winning Trade Idea to Play Fertilizer Shortages and Rising Prices
July corn futures present a buying opportunity on more price strength.
From
Oliver Sloup
via
Barchart
Grain Markets Brace for the Stocks and Acreage Report
Grain markets are mixed in the early morning trade as traders gear up for the last trading day of the month, quarter, and one of the more important USDA reports of the year.
From
Bloomberg
via
gCaptain
Pakistan Weighs Hormuz Options After Iran Clears 20 Ships
Pakistan is considering options that include allowing other ships to ferry vital cargoes under its flag, after Iran said it would allow 20 of the nation’s vessels through the Strait of Hormuz — more than it currently has in the area.
From
Bloomberg
via
gCaptain
Another Greek Oil Tanker Exits Hormuz Despite Iran’s Blockade
Another Greek-controlled oil tanker has crossed the Strait of Hormuz, marking the fourth such voyage since hostilities in the Middle East began.
From
Mike Schuler
via
gCaptain
Industry Groups Urge Gulf States to Act as 20,000 Seafarers Remain Stranded by Hormuz Crisis
The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have held urgent talks with Gulf State representatives as the maritime crisis in the Strait of Hormuz enters its fifth week,...
From
Austin Schroeder
via
Barchart
Corn Weakness Extending Ahead of USDA Reports
Corn price action is down 1 to 2 ¼ cents so far on Tuesday AM trade. Futures saw some pressure on Monday ahead of the end of March USDA reports on Tuesday, with contract closing down 3 ½ to 6 ¼ cents. Open interest suggested new selling interest, up 8,424...
From
Austin Schroeder
via
Barchart
Soybeans Showing Slight Gains on Tuesday Morning
Soybeans are up 1 to 4 cents so far on Tuesday morning. Futures saw weakness late on Monday as front months came back to close with fractionally mixed action. Open interest on Monday was up 2,748 contracts, with most coming in July through November contracts, as May was down 6,409...
From
Austin Schroeder
via
Barchart
Wheat Starting Off Tuesday with Mixed Trade
Wheat is mixed, with the winter wheat contracts higher and spring wheat lower on Tuesday morning. The wheat complex posted mixed action on Monday, with KC the weakest. Chicago SRW futures were mostly fractionally to 2 ¾ cents higher. Open interest rose 3,302 contracts. KC HRW futures were down 6...
From
Darin Newsom
via
Barchart
What Should We Expect From USDA Tuesday?
Quarterly grain stocks (as of March 1) and annual prospective plantings numbers will be released at noon (ET) Tuesday.