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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
Reuters
via
gCaptain
Tanker Carrying Fuel Originally Bound for Cuba Diverts to Trinidad
A tanker carrying fuel originally bound for Cuba on Friday changed its destination to Trinidad and Tobago, according to LSEG ship-tracking data, a blow for the island amid a severe fuel scarcity that has triggered power blackouts.
From
Chris Swift
via
Barchart
Shootin' the Bull about influences
The influence of energy prices has impacted all commodity and financial markets. Interest rates have soared and equities starting a fledgling bear market.
From
Austin Schroeder
via
Barchart
Wheat Falling Weaker on Friday
The wheat complex is falling lower across the three markets so far on Friday. Chicago SRW futures are trading 9 to 10 cents lower at midday. KC HRW futures are 15 to 16 cents in the red so far on Friday. MPLS spring wheat is down 7 to 8 cents...
From
Austin Schroeder
via
Barchart
Corn Fading Back on Friday
Corn futures are showing 3 to 4 cent losses in the front months on Friday. The CmdtyView national average Cash Corn price is down 3 3/4 cents to $4.23. Export Sales data from Thursday brought the marketing year corn export commitments to 67.658 MMT, which is 30% larger than the...
From
Austin Schroeder
via
Barchart
Soybeans Easing Lower on Friday
Soybeans are 6 to 7 cents in the red so far on Friday. The cmdtyView national average Cash Bean price is down 6 1/4 cents at $10.87 1/4. Soymeal futures are $5.20 to 5.50 lower at midday, with Soy Oil futures up 24 to 25 points. USDA Export Sales data...
From
Andrew Hecht
via
Barchart
Are Fertilizers a Compelling Opportunity?
The 2026 crop year in the Northern Hemisphere gets underway in March and April, with farmers relying on fertilizer supplies. The war in Iran threatens oil, gas, and fertilizer shipments, which have been pushing agricultural commodity prices higher.
From
Mike Schuler
via
gCaptain
Seafarers Trapped By Hormuz Crisis Face Growing Humanitarian Emergency
A mounting humanitarian crisis is unfolding at sea as tens of thousands of seafarers remain trapped aboard vessels across the Persian Gulf, Gulf of Oman, and Arabian Sea, with reports...
From
Bloomberg
via
gCaptain
EU Leaders Face Multi-Year Energy Squeeze After Qatar Attack
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
From
Reuters
via
gCaptain
France Boards Tanker it Says Is Linked to Russian Shadow Fleet in Mediterranean
The French Navy seized an oil tanker on Friday in the Western Mediterranean that President Emmanuel Macron said belonged to Russia's shadow fleet, a network of vessels that enables Moscow to export oil despite Western sanctions.
From
Mike Schuler
via
gCaptain
France Boards Another ‘Shadow Fleet’ Tanker as Macron Escalates Maritime Crackdown
French naval forces with the support of the UK have intercepted and boarded another vessel tied to Russia’s so-called shadow fleet in the Mediterranean, signaling that Europe’s shift toward direct...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Friday Morning
Corn price action is down 3 to 4 cents so far on Friday. Futures closed out the Thursday session with contracts 3 ¾ to 6 ½ cents higher across the board. Futures were closing in on the highs set on last week’s spike. Open interest showed new buying, up 11,257...
From
Austin Schroeder
via
Barchart
Soybeans Holding Higher to Start Friday
Soybeans are showing 1 to 2 cent gains on Friday morning. Futures settled in on Thursday with contracts steady to 6 ¾ cents higher at the close, led by the 2026 contracts. Open interest suggested some shorts covering, down 12,157 contracts. The cmdtyView national average Cash Bean price was up...