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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
Wheat Weakness Continues on Wednesday
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 spring wheat also extended its slide, with losses...
From
Reuters
via
gCaptain
Australia Air Force Pilots Also Heard Chinese Navy Live-Fire Warning on Radio
The Royal Australian Air Force (RAAF), monitoring a Chinese navy warship as it circumnavigated Australia last month, heard it warn it would use live fire in its exercises on a civilian radio broadcast, defense pilots said on Tuesday.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
The Lows Could Be in For the Grains - Are the Highs in For the Cattle Markets?
From
Chris Swift
via
Barchart
Shootin' the Bull about making the consumer pay
The cut in slaughter pace is expected to bring a top to the market quicker than anything else could.
From
Reuters
via
gCaptain
Russian Oil Freight Rates From Baltic Ports to India Ease as More Western Shipowners Return
Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western shipowners after Urals crude oil prices fell below a price cap of $60 per barrel, two traders said.
From
Bloomberg
via
gCaptain
Global Shipping Insurance May Shift If Russia Sanctions End, Bimco Says
The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s so-called shadow fleet, provided they follow best practice, according to a leading maritime group.
From
Malte Humpert
via
gCaptain
Vattenfall Greenlights Construction of Germany’s Largest Offshore Wind Farm
More than three years into the Ukraine War the EU has finally slammed the door shut to the transfer of Russian LNG across its terminals. Ukrainian officials have long called for the bloc to begin phasing out the Russian supercooled gas, but support in Brussels for a full-fledged ban remains haphazard.
From
Austin Schroeder
via
Barchart
Corn Weaker at Midday
Corn futures are showing 2 to 3 cent losses in most contracts at Wednesday’s midday. The CmdtyView national average Cash Corn price is down 2 ¼ cents at $4.21 ½. The weekly EIA report showed ethanol production dropping back 52,000 barrels per day in the week that ended on March...
From
Austin Schroeder
via
Barchart
Wheat Lower at Midday
The wheat market is showing continued weakness so far at midday. Chicago SRW futures are slipping on Wednesday, with contracts down 4 to 5 cents. Kansas City HRW contracts are showing 1 to 3 cent losses in the nearby contracts at midday. MPLS spring wheat is trading with fractional to...
From
Austin Schroeder
via
Barchart
Soybeans Higher at Wednesday’s Midday
The soybean market is trading with 3 to 5 cent gains as Wednesday’s midday. CmdtyView’s national front month Cash Bean price is up 4 1/4 cents at $9.46 1/4. Soymeal futures are 50 cents/ton lower in the front months, with Soy Oil futures 44 points higher on the day. March...
From
Malte Humpert
via
gCaptain
EU Transshipment Ban on Russian LNG Takes Effect, Forcing Shift to Ship-to-Ship Transfers
More than three years into the Ukraine War the EU has finally slammed the door shut to the transfer of Russian LNG across its terminals. Ukrainian officials have long called for the bloc to begin phasing out the Russian supercooled gas, but support in Brussels for a full-fledged ban remains haphazard.
From
The Loadstar
via
gCaptain
HMM Takes Delivery of Its First Methanol-Powered Containership
South Korean shipping line HMM has taken delivery of the HMM Green (above), the first in a series of nine 9,000 teu methanol-fuelled containerships being built at Korean yards.