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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
Soybeans Mixed at Midday
Soybeans are showing mixed trade at midday with front months down 1 to 2 cents and deferred contracts higher. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $10.78 1/2. Soymeal futures are down $3.00 to $3.80, with Soy Oil futures up 44 to 70 points....
From
Mike Schuler
via
gCaptain
Report: Damaged Russian LNG Tanker Arctic Metagaz Secured After Weeks Adrift
Libyan authorities have reportedly taken control of the damaged Russian LNG carrier Arctic Metagaz, boarding the vessel and securing it to a tug as efforts intensify to prevent a potential environmental...
From
Mike Schuler
via
gCaptain
IRGC Commander: Iran Turns Back Containership in Hormuz as ‘Permission to Transit’ Policy Emerges
A containership sailing from the United Arab Emirates toward Pakistan was forced to reverse course at the entrance to the Strait of Hormuz, offering one of the clearest signs yet that Iran is actively asserting control over commercial shipping in the critical waterway.
From
Bloomberg
via
gCaptain
Iran Imposes $2M ‘Toll’ on Ships Transiting Strait of Hormuz
By Salma El Wardany, Fiona MacDonald, Ben Bartenstein and Samy Adghirni (Bloomberg) — Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another...
From
The Loadstar
via
gCaptain
Regulators Push Back on Shipping Surcharges as Hormuz Disruption Ripples Globally
Indian shipping regulators and related authorities seem to be keeping a close watch on ongoing supply chain dynamics for export trades as ocean carriers arguably tend to profiteer from capacity disruption, especially in a larger crisis situation.
From
Oliver Sloup
via
Barchart
Mixed Markets to Start Tuesday's Trade
Grain markets stabilize following a whacky Monday trade. These are the levels to watch.
From
Austin Schroeder
via
Barchart
Corn Getting an Early Turnaround Tuesday Bounce
Corn price action is up 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts down 1 ½ to 6 cents in most contracts at the close. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes...
From
Austin Schroeder
via
Barchart
Wheat Showing Marginal Gains on Tuesday Morning
Wheat is showing slight strength on Tuesday morning. The wheat complex started the week with losses across the three markets on Monday. Chicago SRW futures were 2 ¾ to 7 ½ cents lower. Open interest was down 1,680 contracts on Monday. KC HRW futures were fractionally to 3 cents in...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Early on Tuesday
Soybeans are trading with 4 to 6 cent losses so far on Tuesday. Futures posted gains of 2 ¼ to 7 ¼ cents in the front months on Monday. Open interest suggested very light short covering, down 1,630 contracts. The cmdtyView national average Cash Bean price was up 3 3/4...
From
Darin Newsom
via
Barchart
What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 2)
Though global markets can be independent of each other, there are connections running throughout the commodity complex.
From
Reuters
via
gCaptain
Bahrain Pushes UN Vote to Authorize Force in Strait of Hormuz
Bahrain has put forward a draft United Nations Security Council resolution that would authorize countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.
From
Paul Morgan
via
gCaptain
Smarter Ships: Automation, AI, and the New Strain on Seafarers
How automation, AI, and the decline of traditional watchkeeping are reshaping seafarer welfare By Paul Morgan (gCaptain) – The modern ship has never been more advanced. Engine rooms now run...