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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
Austin Schroeder
via
Barchart
Wheat Holding Higher on Thursday
The wheat complex is pushing higher so far on Thursday. Chicago SRW futures are 3 to 4 ¼ cents higher on the day. KC HRW futures are up 6 to 7 cents in the front months. MPLS spring wheat is up 1 to 2 cents at midday. Weekly Export Sales...
From
Austin Schroeder
via
Barchart
Soybeans Showing Slight Strength at Thursday’s Midday
Soybeans are trading with 2 to 3 cent gains in most front months on Thursday. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $11.01 ½. Soymeal futures are up 40 cents to $1.20, with Soy Oil futures up 85 to 91 points. The White House...
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Profit Drops Sharply in 2025, Warns of Tougher Year Ahead
Hapag-Lloyd delivered solid operational performance in 2025, but a sharp drop in freight rates and rising disruption costs pushed earnings significantly lower as the container shipping market continued to normalize....
From
Bloomberg
via
gCaptain
Iran Drafting Law to Introduce Tolls for Hormuz Transit
The Iranian parliament is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency.
From
Reuters
via
gCaptain
Houthis Signal Red Sea Revival as Bab al-Mandab Emerges as Next Flashpoint
Yemen's Houthi forces stand ready to strike the Bab al-Mandab Strait in solidarity with Iran, threatening to revive Red Sea shipping chaos. The move could deepen the global oil crisis as the strategic chokepoint controls traffic to the Suez Canal.
From
Mike Schuler
via
gCaptain
Iranian Navy Chief Killed After Years of Threats, Seizures, and Hormuz Disruption
The Iranian commander who spent years threatening—and ultimately executing—Tehran’s campaign to pressure global shipping in the Strait of Hormuz has reportedly been killed, according to the U.S. military. Rear Adm....
From
Oliver Sloup
via
Barchart
Grain Markets are on the Chopping Block
Grain markets chop around as traders digest news and position ahead of the quarterly report next week.
From
Bloomberg
via
gCaptain
Key Russian Oil Port Resumes Loading Amid Attempt to Divert Flow
Russia’s top oil port in the Baltic Sea resumed loading days after it came under attack from Ukrainian drones, although the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents.
From
Reuters
via
gCaptain
Hapag-Lloyd Faces $40 Million to $50 Million Weekly Costs Due to Middle East Conflict
German shipping company Hapag-Lloyd HLAG.DE is incurring additional costs of $40 million to $50 million per week due to the ongoing conflict in the Middle East, a burden described as "not sustainable for a long time" by Chief Executive Rolf Habben Jansen on Thursday. Speaking at an online press conference, Habben Jansen said the company was grappling with "a big challenge" as six of its vessels, with 150 crew members, remain stranded in the Persian Gulf.
From
Austin Schroeder
via
Barchart
Wheat Starting Thursday with Slight Losses
Wheat is facing 1 to 5 cent losses in the front months early on Thursday. The wheat complex is showing strength on Wednesday. Chicago SRW futures were 6 ¼ to 7 ¾ cents higher at the close. Open interest showed some new buying, up 6,588 contracts on Wednesday. KC HRW...
From
Austin Schroeder
via
Barchart
Soybeans Holding Steady on Thursday Morning
Soybeans are near unchanged on Thursday AM trade, with fractional losses. Futures rallied late on Wednesday, with contracts up 6 ¼ to 16 ¾ cents at the close. Open interest was down 701 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 17 cents at $10.98. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Slipping Back Early on Thursday Morning
Corn price action is down 1 to 2 cents so far on Thursday AM trade. Futures posted 3 to 5 ¼ cent gains across the board on Wednesday despite early session weakness. Open interest suggested a rotation of ownership, down just 116 contracts. The CmdtyView national average Cash Corn price...