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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
Malte Humpert
via
gCaptain
U.S. Coast Guard Announces Plans to Acquire Up to Seven New Light Icebreakers
The U.S. Coast Guard has issued a request for information (RFI) as it moves forward with plans to acquire up to seven new light icebreakers to replace an aging fleet and ensure year-round navigation in ice-prone waterways across the Northeast and Great Lakes.
From
Mike Schuler
via
gCaptain
UK Clears Military to Board Russian Shadow Fleet Tankers in Channel
The United Kingdom is stepping up its campaign against Russia’s so-called “shadow fleet,” authorizing military and law enforcement teams to board sanctioned vessels transiting British waters—including the English Channel—in a...
From
Mike Schuler
via
gCaptain
Jones Act Waiver Leaves Key Question Unanswered: What Laws Apply to Foreign Ships in U.S. Trade?
Legal Gray Zone Emerges as Foreign Ships Enter Domestic Trades Under Emergency Waiver As the Trump administration’s 60-day Jones Act waiver begins reshaping U.S. coastal shipping, a more fundamental issue...
From
Austin Schroeder
via
Barchart
Soybeans Rally Late as Trump/Xi Meeting Scheduled
Soybeans rallied late on Wednesday, with contracts up 6 ¼ to 16 ¾ cents at the close. The cmdtyView national average Cash Bean price was up 17 cents at $10.98. Soymeal futures were down 70 cents to $2.60, with Soy Oil futures up 90 to 137 points. The White House...
From
Austin Schroeder
via
Barchart
Wheat Posts Midweek Gains
The wheat complex is showing strength on Wednesday. Chicago SRW futures were 6 ¼ to 7 ¾ cents higher at the close. KC HRW futures posted 10 ¼ to 13 ¾ cent gains in the front months on the midweek session. MPLS spring wheat saw gains of 4 ¼ to...
From
Austin Schroeder
via
Barchart
Corn Pushes Higher into Wednesday’s Close as EPA Opens E15 for the Summer
Corn futures posted 3 to 5 ¼ cent gains across the board on Wednesday despite early session weakness. The CmdtyView national average Cash Corn price was up 4 3/4 cents to $4.25 3/4. EPA Administrator Lee Zeldin announced a waiver this morning allowing E15 sales starting May 1, following a...
From
Walsh Trading
via
Barchart
Walsh Pure Technicals
Soybean Oil, Soybeans, Live Cattle + Trade Ideas
From
Jim Roemer
via
Barchart
The First Wheat Bull Market in Years?
Jim's VIDEO covers: How Climate is Causing Crop Woes for the U.S. Plains
From
Austin Schroeder
via
Barchart
Corn Posting Wednesday Midday Gains
Corn futures are showing 2 to 4 cent gains across most contracts on Wednesday’s midday. The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.24 3/4. EPA Administrator Lee Zeldin announced a waiver this morning allowing E15 sales starting May 1 for the summer months. EIA...
From
Austin Schroeder
via
Barchart
Wheat Posting Wednesday Gains
The wheat complex is showing strength on Wednesday. Chicago SRW futures are 3 to 5 cents higher in the front months so far on the day. KC HRW futures are trading with 9 to 10 cent gains on Wednesday. MPLS spring wheat is up 8 to 9 cents at midday....
From
Mike Schuler
via
gCaptain
Maersk Warns of Prolonged Hormuz Shutdown as Shipping Costs Surge
A.P. Moller–Maersk says the Strait of Hormuz crisis is now reshaping global shipping networks, with the carrier warning that the key energy chokepoint is likely to remain closed to commercial traffic while disruptions cascade across its entire logistics system.