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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
Mike Schuler
via
gCaptain
Golden Pass LNG in Texas Produces First LNG as Hormuz Crisis Disrupts Global Gas Flows
Golden Pass LNG has produced its first liquefied natural gas from Train 1 at its Sabine Pass export terminal in Texas, marking a major milestone for QatarEnergy’s largest investment in...
From
The Loadstar
via
gCaptain
Bunker Costs Push Intra-Asia Freight Rates Up 10% as Gulf Disruption Bites
The role of bunkers in freight rates has finally crossed into the intra-Asia market, with average rates rising by 10% over the past fortnight.
From
Reuters
via
gCaptain
Red Sea Lessons Haunt Western Effort to Reopen Strait of Hormuz
The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen's Houthis.
From
Mike Schuler
via
gCaptain
Hormuz Shockwaves: UN Warns Energy Spike Could Ripple Through Global Trade
The UN Trade and Development is warning that the Strait of Hormuz crisis is quickly moving beyond a shipping disruption and into a broader economic shock. About a quarter of global seaborne...
From
Mike Schuler
via
gCaptain
Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design
Houston-based Vard Marine US, Inc. has secured a contract with the U.S. Navy to help define the service’s future logistics fleet, advancing early-stage design work on the Next Generation Logistics Ship (NGLS),...
From
Austin Schroeder
via
Barchart
Wheat Showing Mixed Action on Monday
The wheat complex is showing mixed action on Monday, with KC the weakest. Chicago SRW futures are 6 to 7 cents higher at midday. KC HRW futures are down 2 to 3 cents reverting from some recent strength. MPLS spring wheat is 5 to 6 cents higher so far on...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing Higher on Monday
Soybeans are trading with 4 to 6 cent gains on Monday at midday. The cmdtyView national average Cash Bean price is up 5 ¼ cents at $10.91 1/4. Soymeal futures are up 40 to 70 cents, with Soy Oil futures 125 to 130 points higher. Export Inspections data showed soybeans...
From
Austin Schroeder
via
Barchart
Corn Falling Back on Monday
Corn futures are showing 4 to 5 cent gains in the front months on Monday. The CmdtyView national average Cash Corn price is up 4 3/4 cents to $4.15 3/4. USDA reported a private export sale of 145,000 MT of corn to unknown destinations this morning. USDA’s FGIS tallied corn...
From
Reuters
via
gCaptain
Thousands of US Army Paratroopers Arrive in Middle East As Buildup Intensifies
Thousands of soldiers from the U.S. Army's elite 82nd Airborne Division have started arriving in the Middle East, two U.S. officials told Reuters on Monday, as President Donald Trump weighs his next steps in the war against Iran.
From
Oliver Sloup
via
Barchart
Traders gear up for one of the biggest USDA reports of the year.
Traders are gearing up for the end of the month and end of the quarter, which comes along with one of the biggest reports of the year. Here’s 20 years of historical data and levels to watch
From
Malte Humpert
via
gCaptain
How Sanctioned Russian Arctic LNG Hardware Could Find a Second Life in Alaska’s ‘Polar LNG’ Project
A newly proposed liquefied natural gas project on Alaska’s North Slope is exploring whether sanctioned equipment originally built for Russia’s Arctic LNG 2 development could be repurposed – highlighting both the opportunities and geopolitical hurdles shaping the next phase of Arctic energy.
From
Bloomberg
via
gCaptain
Missing Crew Not Found in Iran-Hit Vessel, Thai Ship Owner Says
A search for three crew members reported missing after a Thai-flagged cargo vessel was attacked in the Strait of Hormuz earlier this month failed to locate them, according to ship’s owner.