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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
Bloomberg
via
gCaptain
Iran Oil-Filled Tankers Build Up Off Malaysia as Sanctions Mount
Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil-transfer hub for more than a month — possible sign of slowing logistics for the sensitive trade to China.
From
Malte Humpert
via
gCaptain
Bollinger Shipyards Awarded Nearly $1B to Cover Cost Overruns of Coast Guard Polar Security Cutter Program
Mississippi-based Bollinger Shipyards has received a $951.6 million Fixed-Price-Incentive-Firm Target (FPIF) contract modification from the U.S. Coast Guard to continue designing and constructing the first new heavy icebreakers, also known as the Polar Security Cutter (PSC).
From
Bloomberg
via
gCaptain
Car-Shipping Companies Plunge After Trump’s Latest Tariffs
Shares of companies that haul cars across oceans plunged after President Trump widened his trade war with tariffs on vehicles not made in the US.
From
Reuters
via
gCaptain
Planned US Auto Tariffs Shake Global Industry as Price Hikes, Job Losses Loom
The United States' announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global vehicle suppliers warned of immediate price hikes and dealers raised fears of job losses in countries with a large car industry.
From
Oliver Sloup
via
Barchart
Grain Markets Find Their Footing Overnight
Grain markets were mostly lower on Wednesday but have found their footing in the early morning trade. Can the market find relief ahead of Monday’s big USDA report?
From
Austin Schroeder
via
Barchart
Soybeans Higher Ahead of Export Sales Report
Soybeans are trading with contracts up 5 to 7 cents so far on Thursday. The soybean market settled the midweek session with nearbys fractionally lower to and some new crop months fractionally higher. Wednesday’s preliminary open interest was down 6,696 contracts. CmdtyView’s national front month Cash Bean price was down...
From
Austin Schroeder
via
Barchart
Wheat Sneaking Out Gains to Start Thursday Trade
Wheat is showing slight strength on Thursday morning. The wheat market posted another round of weakness on Wednesday. Chicago SRW futures were down 8 to 9 cents in the front months at the close. Kansas City HRW contracts saw losses of 4 to 6 cents in the nearby contracts. MPLS...
From
Austin Schroeder
via
Barchart
Corn Holding Steady on Thursday Morning
Corn is trading near unchanged on Thursday AM, with front months slightly higher. Futures fell to another round of weakness on Wednesday, with contracts closing 4 to 7 cents lower. Preliminary open interest was up 5,354 contracts on Wednesday, suggesting new selling. The CmdtyView national average Cash Corn price was...
From
Reuters
via
gCaptain
US Fossil Fuel, Farm Groups Rail Against Trump Port Fee Plan at Hearing
Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans.
From
Austin Schroeder
via
Barchart
Corn Falls Lower on Wednesday
Corn futures fell to another round of weakness on Wednesday, with contracts closing 4 to 7 cents lower. The CmdtyView national average Cash Corn price was down 6 cents on the day at $4.17. The weekly EIA report showed ethanol production (and this corn use) dropping back 52,000 barrels per...
From
Austin Schroeder
via
Barchart
Soybeans Close Wednesday with Mixed Action
The soybean market settled the midweek session with nearbys fractionally lower to and some new crop months fractionally higher. CmdtyView’s national front month Cash Bean price was down 1/2 cents at $9.42 1/2. Soymeal futures closed the midweek session with contracts down 90 cents to $1.50/ton, with Soy Oil futures...