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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
Reuters
via
gCaptain
Top Japanese Shipping Line Fears US Tariffs Will Slow Cargo Flows, President Says
Nippon Yusen NYK, Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said.
From
Bloomberg
via
gCaptain
China Kicks Off More Drills Near Taiwan, Pushing Back at US
China held military exercises around Taiwan that involved the most naval vessels in nearly a year — a move that comes days after the US vowed to deter Beijing’s aggression in the region.
From
Ben DiCostanzo
via
Barchart
Hog Weakness Continues at End of the Quarter
Hogs make new short-term low as tariff fears continue
From
Mike Schuler
via
gCaptain
Yang Ming Orders Three 8,000 TEU Methanol-Ready Containerships
Taiwanese container shipping company Yang Ming Marine Transport Corporation has placed an order for three 8,000 TEU methanol dual-fuel-ready containerships with Shoei Kisen Kaisha as part of a recently revealed...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed, with Front Month Gains
The corn market closed the Monday session with front months up 3 ¼ to 4 cents. Larger than expected acres weighed on new crop, with contracts steady to ¾ cent lower. The CmdtyView national average Cash Corn price was up 4 cents on the day at $4.23 1/2. Grain Stocks...
From
Austin Schroeder
via
Barchart
Wheat Pops Higher on Lower Acreage
The wheat complex is trading posted gains across the three exchanges on Monday. Chicago SRW futures were firm to 8 3/4 cents higher to close out the day. Kansas City HRW contracts were ¾ to 5 ¼ in the green to settle the Monday session. MPLS spring wheat was up...
From
Austin Schroeder
via
Barchart
Soybeans Fall Weaker on Larger Stocks
Soybeans were under pressure following USDA’s reports this morning, with contracts closing 4 ¾ to 9 ¾ cents in the red. CmdtyView’s national front month Cash Bean price was down 9 3/4 cents at $9.56 ¼. Soymeal futures were down 80 cents to $3.20/ton on Monday, with Soy Oil futures...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Upside Potential in Grain Markets is Huge - Cattle Will Break, Someday
From
Sean Lusk
via
Barchart
Grain Spreads: Potential Friendly Set-Up in Wheat
Lower Acres Prompt Some Short Covering
From
Mike Schuler
via
gCaptain
Owner of Ship That Hit U.S. Tanker Seeks to Limit Liability
The owner of a cargo ship that struck a U.S. military-contracted tanker off England's northeast coast last month said on Monday it is setting up a fund for potential lawsuits over the collision.
From
Chris Swift
via
Barchart
Shootin' the Bull about cattle feeders taking it on the chin
From Friday's close to today's, cattle feeders have seen an increase in the price of feeder cattle by 1% via the feeder cattle index, a 3/4 percent increase in corn, a 2.4% increase in diesel fuel and a 1/2 percent decrease in fat cattle futures.