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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
Austin Schroeder
via
Barchart
Soybeans Holding Gains on Friday’s Midday
Soybeans are showing midday strength on Friday, with contracts up 3 to 4 cents across the nearbys. CmdtyView’s national front month Cash Bean price is up 3 1/2 cents at $9.64. Soymeal futures are down $1.90/ton, as Soy Oil futures are 75 points higher on the day. Weekly Export Sales...
From
Austin Schroeder
via
Barchart
Corn Posting Mixed Trade on Friday
The corn market is trading with contracts mixed, as nearbys up fractionally to 1 ½ cents higher and down 1 ½ in new crop December as the market squares up ahead of Monday’s reports. The CmdtyView national average Cash Corn price was down 1 ½ cents on the day at...
From
Austin Schroeder
via
Barchart
Wheat Falling Lower on Friday
The wheat market is posting continued weakness on Friday. Chicago SRW futures are slipping back 8 to 9 cents at midday. Kansas City HRW contracts are leading the charge lower, with contracts down 17 to 18 cents. MPLS spring wheat is down 7 to 10 cents across the front months....
From
Oliver Sloup
via
Barchart
Grain Markets Weaker in the Early Morning Trade
Soybeans saw strength in Thursdays trade but are under minor pressure this morning, along with corn and wheat
From
Malte Humpert
via
gCaptain
Russia’s First Domestically Constructed LNG Carrier Faces Delays as Sea Trials Drag On
The Arc7 ice-class LNG tanker Alexey Kosygin, launched late last year, has yet to complete sea and mooring trials. For much of winter the vessel has been idling outside the Zvezda yard near Vladivostok.
From
Austin Schroeder
via
Barchart
Soybeans Start Friday on the Lower Side of Unchanged
The soybean market is trading with 2 to 4 cent losses so far on Friday. Soybeans posted Thursday of 13 to 16 cents across most contracts. Preliminary open interest was up 2,821 contracts on Thursday. CmdtyView’s national front month Cash Bean price is up 18 cents at $9.60 1/2. Soymeal...
From
Austin Schroeder
via
Barchart
Wheat Falling on Friday Morning
The wheat market is showing sharp losses across most contracts early on Friday Wheat futures were mixed across the three exchanges on Thursday, as the hard red contracts held up. Chicago SRW futures were down 3 to 4 cents in the front months at the close, pressured by a wet...
From
Austin Schroeder
via
Barchart
Corn Falling Lower on Friday Morning
Corn price action is showing 3 to 5 cents in the nearbys contracts so far on Friday. Futures posted fractional to 1 ¼ cent losses on Thursday, as contracts pulled off the early weakness. Preliminary open interest was up 3,509 contracts on the day. The CmdtyView national average Cash Corn...
From
Reuters
via
gCaptain
China Halts Panama Port Sale to BlackRock
Hong Kong conglomerate CK Hutchison, led by tycoon Li Ka-shing, will not sign a deal next week to sell its two strategic ports at the Panama Canal to a BlackRock-led group, the South China Morning Post reported on Friday.
From
Malte Humpert
via
gCaptain
Aircraft Carrier USS ‘Nimitz’ Sets Sail for Final Deployment
The nearly 50-year old USS Nimitz, the lead vessel of its class, departed from the Naval Air Station in San Diego for what is likely to be its final deployment....
From
Bloomberg
via
gCaptain
Shipowners Are Adjusting Contracts for US Tax on China Vessels
Shipowners and charterers are altering leasing contracts to cope with the multi-million dollar port fees expected to be imposed on Chinese-built vessels by the Trump administration, according to people familiar with the matter.
From
Ben DiCostanzo
via
Barchart
Hogs Struggles Continue
Hogs continue weakness in front of Hogs and Pigs report