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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
John Konrad
via
gCaptain
Trump Appoints Top Naval Strategist Brent Sadler To MARAD
by John Konrad (gCaptain) In a significant and long-awaited move that could reshape the trajectory of American maritime policy, retired U.S. Navy Captain Brent Sadler, a former submariner, has been...
From
Bloomberg
via
gCaptain
US Says Russia and Ukraine Agree to Ceasefire in the Black Sea
The US said Russia and Ukraine have agreed to a ceasefire in the Black Sea and to work out mechanisms for implementing their ban on strikes against energy infrastructure.
From
Austin Schroeder
via
Barchart
Corn Posting Tuesday Weakness
Corn futures are trading with Tuesday losses of 3 to 7 cents across the front months at the midday part of the session. The CmdtyView national average Cash Corn price is down 6 1/4 cents at $4.23. A Bloomberg survey of analysts shows corn acreage estimated at 94.4 MMT ahead...
From
Austin Schroeder
via
Barchart
Soybeans Pressured Lower on Tuesday
The soybean market is posting 2 to 7 cent losses at Tuesday’ midday. CmdtyView’s national front month Cash Bean price is down 7 cent at $9.4 1/4. Soymeal futures are down $2.70/ton in the front months, with Soy Oil futures 4 points higher on the day. Heading into the Prospective...
From
Austin Schroeder
via
Barchart
Wheat Facing Weakness on Black Sea Pressure
The wheat complex is falling lower at Tuesday’s midday, with contracts down double digits in some cases. Chicago SRW futures are down 6 to 7 cents in the front months. Kansas City HRW contracts are 9 to 10 cents in the red so far on the day. MPLS spring wheat...
From
Malte Humpert
via
gCaptain
Germany Starts Producing Climate-Neutral Marine Methanol from Wastewater
Globally the shipping sector contributes around 706 million tons of CO2 emissions each year, around 3 percent of the total. The majority of containership vessels, oil tankers, and bulk carriers continue to use heavy fuel oil or marine diesel emitting substantial amounts of CO2 and other greenhouse gases.
From
Bloomberg
via
gCaptain
Russian Crude Flows Hit Five-Month High While Peace Talks Drag
Russia’s oil exports rose to a five-month high while US-initiated talks aimed at achieving a ceasefire in the Ukraine conflict drag on.
From
Cesar Marconetti
via
Barchart
European Commodities: Tariffs Move Grain Markets, While Sugar Futures Slump
China's tariffs on Canadian rapeseed imports sent the contract soaring, as hopes for a Russia-Ukraine ceasefire propped up Dutch gas.
From
The Loadstar
via
gCaptain
Despite Sourcing Shifts, ‘Don’t Write-off China’, Says CMA CGM CCO
China cannot be written off completely from supply chains, despite tension with the US and manufacturing shifts towards South-east Asia, according to CMA CGM’s chief commercial officer, Vikash Anand.
From
Malte Humpert
via
gCaptain
Second Sanctioned Tanker Offloads Russian Arctic Crude Oil in Syria
Syria has received another 100,000 tons of Arctic crude following last week’s initial Russian delivery. The 106,061-dwt Aframax tanker Sakina offloaded at Baniyas port on March 25, according to Syrian news agency reports.
From
Austin Schroeder
via
Barchart
Soybeans Kicking Off Tuesday with Weakness
The soybean market is trading 3 to 6 cents lower on Tuesday morning. Soybeans settled the Monday session with contracts slipping 1 to 3 cents. Preliminary open interest was up just 1,668 contracts on Monday. CmdtyView’s national front month Cash Bean price was down 2 1/4 cent at $9.47. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Slipping to Start Tuesday Trade
Corn is posting 2 to 4 cent early losses so far early on Tuesday. Futures closed Monday trade with fractional gains, as contracts were pulled higher out of the early session weakness. Preliminary open interest on Monday was up 237 contracts, showing a rotation of ownership. The CmdtyView national average...